708 McCorkle DrLexingtonVA24450
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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
Rental property for sale in Lexington at 708 McCorkle Dr, Lexington, VA, 24450 generates $1,690/mo in rent and, after a $778/mo payment, leaves $740/mo in cash flow. Total monthly income is $1,690/mo, and annual cash flow is $8,877/yr on $52,709 invested. Return on cash invested sits at 36.75% in year one, and rental yield is 12.75% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 192.88% and total cumulative return in cash sums $101,664. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,690/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,782 (100%) |
| Owner Occupied HU | 4,502 (57.9%) |
| Renter Occupied HU | 2,172 (27.9%) |
| Vacant Housing Units | 1,108 (14.2%) |
| Median Home Value | $336,486 |
| Average Home Value | $408,309 |
Housing Distribution
Address Breakdown
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
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