120 Will Lucas RdLindenNC28356
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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 Linden at 120 Will Lucas Rd, Linden, NC, 28356 with 5% annual appreciation on a $320,900 basis while $2,168/mo rent supports operations. Total monthly income totals $2,168/mo and a $1,571/mo payment preserves $212/mo for cash returns. Annual cash flow comes to $2,543/yr on $106,378 deployed, and return on cash invested reaches 22.3% in year one. Equity gained on principal adds $2,071/yr, and five-year appreciation sums $88,659 alongside rental yield of 8.11%. Five-year ROI measures 115.53% and total cumulative return in cash totals $122,902.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,168/mo property income versus a $1,571/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28356, Linden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,390 (100%) |
| Owner Occupied HU | 1,766 (73.9%) |
| Renter Occupied HU | 439 (18.4%) |
| Vacant Housing Units | 185 ( 7.7%) |
| Median Home Value | $302,226 |
| Average Home Value | $313,153 |
Housing Distribution
Address Breakdown
Residential
2,165
Single Family
2,165
Multi-Family
0
Businesses
48
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Listed by: N/A • N/A
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