816 Cedar DrLexingtonNC27292
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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 816 Cedar Dr, Lexington, NC, 27292 priced at $257,990 pairs $2,520/mo rent with $947/mo cash flow after a $1,263/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $11,369/yr on $85,524 invested. Return on cash invested is 33.2% in year one, and rental yield stands at 11.72% on a $257,990 basis. Equity gained on principal adds $1,665/yr, and 5% annual appreciation accumulates to $71,278 by year five. Five-year ROI measures 174.03% and total cumulative return in cash reaches $148,834. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $1,263/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.18 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: #1204164