1007 N Water StLumbertonNC28358
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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
Investment property for sale in Lumberton at 1007 N Water St, Lumberton, NC, 28358 uses $39,449 cash to close to unlock $2,678/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $948/mo, and a $582/mo payment keeps the spread at $223/mo. Purchase price stands at $119,000, and rental yield measures 9.56% with $948/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 139.24% and total cumulative return in cash records $54,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $948/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28358, Lumberton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,182 (100%) |
| Owner Occupied HU | 7,971 (52.5%) |
| Renter Occupied HU | 5,246 (34.6%) |
| Vacant Housing Units | 1,965 (12.9%) |
| Median Home Value | $130,097 |
| Average Home Value | $180,703 |
Housing Distribution
Address Breakdown
Residential
15,256
Single Family
13,674
Multi-Family
1,582
Businesses
1,406
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Listed by: SUSAN WALKER • COLDWELL BANKER PREMIER TEAM REALTY
Mls Name: LPRMLS
Mls ID: #744690