1019 Pennton Ave SWLenoirNC28645
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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 Lenoir at 1019 Pennton Ave SW, Lenoir, NC, 28645 priced at $364,900 converts $3,326/mo rent into $1,102/mo cash flow after a $1,786/mo obligation. Total monthly income equals $3,326/mo, and annual cash flow totals $13,225/yr on $120,964 invested. Return on cash invested prints 30.84% in year one, and rental yield reads 10.94% against a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,815 by year five. Five-year ROI reaches 161.38% and total cumulative return in cash sums $195,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,326/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28645, Lenoir, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,745 (100%) |
| Owner Occupied HU | 13,505 (62.1%) |
| Renter Occupied HU | 5,791 (26.6%) |
| Vacant Housing Units | 2,449 (11.3%) |
| Median Home Value | $210,906 |
| Average Home Value | $239,578 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
19,699
Multi-Family
329
Businesses
1,303
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Listed by: Angela Dunne • Hart Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4254450