797 Pine Ridge RdLexingtonNC27295
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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 797 Pine Ridge Rd, Lexington, NC, 27295 priced at $144,510 converts $1,716/mo rent into $836/mo cash flow after a $707/mo obligation. Total monthly income equals $1,716/mo, and annual cash flow totals $10,027/yr on $47,905 invested. Return on cash invested prints 40.84% in year one, and rental yield reads 14.25% against a $144,510 entry. Equity gained on principal adds $933/yr, while 5% annual appreciation compiles into $39,925 by year five. Five-year ROI reaches 215% and total cumulative return in cash sums $102,994. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,716/mo property income covering a $707/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27295, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 12,830 (70.0%) |
| Renter Occupied HU | 4,253 (23.2%) |
| Vacant Housing Units | 1,247 ( 6.8%) |
| Median Home Value | $265,058 |
| Average Home Value | $287,562 |
Housing Distribution
Address Breakdown
Residential
18,030
Single Family
17,459
Multi-Family
571
Businesses
552
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Listed by: T. Kyle Swicegood • The Swicegood Group, Inc.
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1158033
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