111 Scenic View LnNew LondonNC28127
Nearby investment properties with comparable rents
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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 New London at 111 Scenic View Ln, New London, NC, 28127 priced at $173,500 converts $1,061/mo rent into after a $849/mo obligation. Total monthly income equals $1,061/mo. Return on cash invested prints -331.22% in year one, and rental yield reads 7.34% against a $173,500 entry. Equity gained on principal adds $1,120/yr, while 5% annual appreciation compiles into $47,935 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,061/mo property income covering a $849/mo payment, not borrower’s personal income.
Manufactured
Built in 1992
0.07 Acres lot
$N/A/sqft
$50,500 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: Ramona Ingram • Badin Lake Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4153509
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)