118 Lackey StKings MountainNC28086
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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 Kings Mountain at 118 Lackey St, Kings Mountain, NC, 28086 priced at $175,000 converts $1,602/mo rent into $535/mo cash flow after a $857/mo obligation. Total monthly income equals $1,602/mo, and annual cash flow totals $6,420/yr on $58,013 invested. Return on cash invested prints 30.98% in year one, and rental yield reads 10.99% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 162.04% and total cumulative return in cash sums $94,003. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28086, Kings Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,294 (100%) |
| Owner Occupied HU | 8,074 (65.7%) |
| Renter Occupied HU | 3,422 (27.8%) |
| Vacant Housing Units | 798 ( 6.5%) |
| Median Home Value | $264,200 |
| Average Home Value | $302,621 |
Housing Distribution
Address Breakdown
Residential
11,628
Single Family
11,521
Multi-Family
107
Businesses
799
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Listed by: Leslie Harrison • Team Thomas & Associates Realty Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4296865
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 21:18:06 PDT. 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](/mls-disclaimers/#87)