706 Richard RdLexingtonNC27292
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lexington at 706 Richard Rd, Lexington, NC, 27292 earns $11/mo cash flow from $1,285/mo rent with a $1,023/mo payment. Total monthly income totals $1,285/mo, and annual cash flow totals $135/yr on $69,280 capital. ROI tracks 20.1% on current figures, and rental yield reads 7.38% at a $208,990 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,740 over five years. Five-year ROI reaches 103.84% and total cumulative return in cash sums $71,938. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,285/mo property income instead of your personal income.
Townhouse
Built in 2025
0.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27292, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,311 (100%) |
| Owner Occupied HU | 11,686 (60.5%) |
| Renter Occupied HU | 5,337 (27.6%) |
| Vacant Housing Units | 2,288 (11.8%) |
| Median Home Value | $238,816 |
| Average Home Value | $280,651 |
Housing Distribution
Address Breakdown
Residential
17,605
Single Family
16,969
Multi-Family
636
Businesses
1,197
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Listed by: Susan Thompson • WJH Brokerage NC LLC
Mls Name: Triad MLS
Mls ID: #1203188