104 Robin LnNew LondonNC28127
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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 New London at 104 Robin Ln, New London, NC, 28127 earns $24/mo cash flow from $917/mo rent with a $582/mo payment. Total monthly income totals $917/mo, and annual cash flow totals $290/yr on $39,449 capital. ROI tracks 20.65% on current figures, and rental yield reads 9.25% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 108.61% and total cumulative return in cash sums $42,845. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $917/mo property income instead of your personal income.
Manufactured
Built in 1998
0.06 Acres lot
$N/A/sqft
$504 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28127, New London, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,437 (52.0%) |
| Renter Occupied HU | 506 (10.8%) |
| Vacant Housing Units | 1,748 (37.3%) |
| Median Home Value | $317,462 |
| Average Home Value | $393,053 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,344
Multi-Family
0
Businesses
132
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Listed by: Pate Butler • Lantern Realty & Development
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4149603
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)