1010 Kite RdLumbertonNC28358
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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 1010 Kite Rd, Lumberton, NC, 28358 earns $905/mo cash flow from $2,459/mo rent with a $1,248/mo payment. Total monthly income totals $2,459/mo, and annual cash flow totals $10,860/yr on $84,533 capital. ROI tracks 32.76% on current figures, and rental yield reads 11.57% at a $255,000 purchase. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 over five years. Five-year ROI reaches 171.59% and total cumulative return in cash sums $145,052. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,459/mo property income instead of your personal income.
Manufactured
Built in 2008
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: BRITT & CO. REAL ESTATE PROFESSIONALS • LPT REALTY LLC
Mls Name: LPRMLS
Mls ID: #755208