1206 Three Way LnLenoirNC28645
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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 Lenoir at 1206 Three Way Ln, Lenoir, NC, 28645 uses $56,322 cash to close to unlock $2,425/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,238/mo, and a $832/mo payment keeps the spread at $202/mo. Purchase price stands at $169,900, and rental yield measures 8.74% with $1,238/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 125.9% and total cumulative return in cash records $70,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28645, Lenoir, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,745 (100%) |
| Owner Occupied HU | 13,505 (62.1%) |
| Renter Occupied HU | 5,791 (26.6%) |
| Vacant Housing Units | 2,449 (11.3%) |
| Median Home Value | $210,906 |
| Average Home Value | $239,578 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
19,699
Multi-Family
329
Businesses
1,303
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Listed by: Judith Sullivan • Raccoon Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331986