1230 SW Norwood StreetLenoirNC28645
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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 1230 SW Norwood Street, Lenoir, NC, 28645 listed at $499,999 pairs $3,340/mo rent with a $2,447/mo payment to leave $293/mo cash flow. Total monthly income runs $3,340/mo, and annual cash flow reaches $3,516/yr on $165,750 cash to close. Return on cash invested measures 22.03% in year one, and rental yield registers 8.02% at a $499,999 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,141 by year five. Five-year ROI tracks 114.08% and total cumulative return in cash totals $189,091. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,340/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
0.99 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: Lacey Reeves • Mountainside Realty, LLC
Mls Name: High Country AOR
Mls ID: #257313