1100 Avondale RdLowellNC28098
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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 Lowell at 1100 Avondale Rd, Lowell, NC, 28098 uses $81,218 cash to close to unlock $7,716/yr annual cash flow and $643/mo monthly cash flow. Total monthly income runs $2,136/mo, and a $1,199/mo payment keeps the spread at $643/mo. Purchase price stands at $245,000, and rental yield measures 10.46% with $2,136/mo rent. Return on cash invested shows 29.41% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 153.65% and total cumulative return in cash records $124,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,136/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28098, Lowell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,727 (100%) |
| Owner Occupied HU | 1,142 (66.1%) |
| Renter Occupied HU | 508 (29.4%) |
| Vacant Housing Units | 77 ( 4.5%) |
| Median Home Value | $279,916 |
| Average Home Value | $331,259 |
Housing Distribution
Address Breakdown
Residential
1,570
Single Family
1,570
Multi-Family
0
Businesses
163
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Listed by: Brandon Kauffman • Northstar Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329970