935 Cornwallis WayLexingtonSC29073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 935 Cornwallis Way, Lexington, SC, 29073 generates $2,452/mo in rent and, after a $1,287/mo payment, leaves $534/mo in cash flow. Total monthly income is $2,452/mo, and annual cash flow is $6,407/yr on $87,185 invested. Return on cash invested sits at 27.26% in year one, and rental yield is 11.19% on a $263,000 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 143.71% and total cumulative return in cash sums $125,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,452/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
4,356 sqft lot
$N/A/sqft
$427 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29073, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,366 (100%) |
| Owner Occupied HU | 17,189 (80.5%) |
| Renter Occupied HU | 2,899 (13.6%) |
| Vacant Housing Units | 1,278 ( 6.0%) |
| Median Home Value | $239,149 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
21,069
Single Family
20,814
Multi-Family
255
Businesses
883
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carl Vollmer • Keller Williams Palmetto
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #614401
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC