8003 Oakridge DrLexingtonNC27295
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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 8003 Oakridge Dr, Lexington, NC, 27295 generates $2,179/mo in rent and, after a $1,493/mo payment, leaves $320/mo in cash flow. Total monthly income is $2,179/mo, and annual cash flow is $3,840/yr on $101,108 invested. Return on cash invested sits at 23.71% in year one, and rental yield is 8.57% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 123.06% and total cumulative return in cash sums $124,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,179/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.46 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: Lori Prescott • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1197379