McCormick LnLexingtonVA24450
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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 McCormick Ln, Lexington, VA, 24450 generates $1,080/mo in rent, after a $1,664/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 9.77% in year one, and rental yield is 3.81% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 48.18% and total cumulative return in cash sums $54,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.41 Acres 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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