1018 Lakeview DrCedar GroveNC27231
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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 Cedar Grove at 1018 Lakeview Dr, Cedar Grove, NC, 27231 listed at $465,000 pairs $1,440/mo rent with a $2,276/mo payment. Total monthly income runs $1,440/mo. Return on cash invested measures 9.06% in year one, and rental yield registers 3.72% at a $465,000 basis. Equity gained on principal adds $3,001/yr, and annual property appreciation at 5% supports $128,471 by year five. Five-year ROI tracks 44.51% and total cumulative return in cash totals $68,615. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,440/mo property income relative to a $2,276/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27231, Cedar Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 914 (100%) |
| Owner Occupied HU | 740 (81.0%) |
| Renter Occupied HU | 128 (14.0%) |
| Vacant Housing Units | 46 ( 5.0%) |
| Median Home Value | $329,139 |
| Average Home Value | $387,628 |
Housing Distribution
Address Breakdown
Residential
883
Single Family
883
Multi-Family
0
Businesses
33
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Listed by: Mickey Tripp • Re/MaxDiamond Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10074503
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.