The average sales price in Lexington Village is $143,000. Home prices have recently ranged from a low of $144,500 and topping out at $153,000. According to statistics derived from the First Multiple Listing Service Lexington Village homes have been selling on average in 21 days or less. That’s pretty attractive, considering that homes in the greater Atlanta metro area have been taking as many as 90 days to sell on average.
Even better yet for investors in the Lexington Village marketplace, the average home rental has been $1,200 per month. For an investor financing 80% of the purchase, a positive cash flow could be as much as $300 per month with prevailing interest rates.
At the time of this writing, there are no homes for sale and none for lease. That’s not bad news. It just speaks to the value of this neighborhood. This is one to keep an eye on. If something in there comes on the market, you need to be ready to move quickly.
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Read MoreBut if you want help watching this market or if you would like help looking for property in other communities, we would love an opportunity to help. The really good thing about this is that if you do purchase an investment property in the Cumming, Georgia area, not only can we help you with leasing it, but we can also professionally manage any homes in the Cumming, Georgia marketplace.
Daniel R. Wilhelm
Executive Broker
3 Options Realty, LLC., CRMC®, The Green Broker
678-397-1282
dan@3OptionsRealty.com
NOTE: Dan is a professional property manager as well as an investor with homes in many cities in North Georgia including Cumming, Atlanta, Duluth, Johns Creek, Lawrenceville, Alpharetta, Marietta, Powder Springs, Woodstock and Roswell, Georgia.
The author of this Blog is neither an attorney nor an accountant. Nothing written should be construed as legal advice. Conclusions conveyed are outcomes based upon practical experience and should not be depended upon to be a common outcome of other similar circumstances. Consult with a professional before making tax or legal decisions.
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