1209 E 6th StLumbertonNC28358
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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 Lumberton at 1209 E 6th St, Lumberton, NC, 28358 offers a 9.2% rental yield on a $117,900 purchase with $904/mo rent. Total monthly income registers $904/mo, and a $577/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,226/yr on $39,084 to close, and return on cash invested stands at 25.61% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,574 over five years. Portfolio math shows five-year ROI at 133.3% and total cumulative return in cash at $52,100. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $904/mo property income against a $577/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28358, Lumberton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,182 (100%) |
| Owner Occupied HU | 7,971 (52.5%) |
| Renter Occupied HU | 5,246 (34.6%) |
| Vacant Housing Units | 1,965 (12.9%) |
| Median Home Value | $130,097 |
| Average Home Value | $180,703 |
Housing Distribution
Address Breakdown
Residential
15,256
Single Family
13,674
Multi-Family
1,582
Businesses
1,406
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Listed by: KENA SKIPPER • EXP REALTY LLC
Mls Name: LPRMLS
Mls ID: #747442