1201 Charles DriveLaurinburgNC28352
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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 Laurinburg at 1201 Charles Drive, Laurinburg, NC, 28352 uses $81,218 cash to close to unlock $4,344/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,855/mo, and a $1,199/mo payment keeps the spread at $362/mo. Purchase price stands at $245,000, and rental yield measures 9.09% with $1,855/mo rent. Return on cash invested shows 25.26% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 131.4% and total cumulative return in cash records $106,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,855/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28352, Laurinburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,044 (100%) |
| Owner Occupied HU | 5,072 (50.5%) |
| Renter Occupied HU | 3,843 (38.3%) |
| Vacant Housing Units | 1,129 (11.2%) |
| Median Home Value | $143,160 |
| Average Home Value | $188,793 |
Housing Distribution
Address Breakdown
Residential
9,733
Single Family
9,082
Multi-Family
651
Businesses
805
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Listed by: Karen Marie Muellerleile • ERA Strother RE #5
Mls Name: Hive MLS
Mls ID: #100539404