103 Kensington 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
Rental property for sale in Lumberton at 103 Kensington St, Lumberton, NC, 28358 priced at $425,000 converts $2,683/mo rent into $93/mo cash flow after a $2,080/mo obligation. Total monthly income equals $2,683/mo, and annual cash flow totals $1,116/yr on $140,888 invested. Return on cash invested prints 20.7% in year one, and rental yield reads 7.58% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 106.96% and total cumulative return in cash sums $150,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,683/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1977
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: #755150