132 NE Wayside PlaceLenoirNC28645
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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 132 NE Wayside Place, Lenoir, NC, 28645 at $229,900 posts ROI 24.62% with $299/mo cash flow from $1,700/mo rent. Total monthly income equals $1,700/mo, and annual cash flow records $3,589/yr on $76,212 to close. Return on cash invested measures 24.62% and rental yield reads 8.87% at the current $229,900. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 by year five. Five-year ROI prints 128.03% and total cumulative return in cash totals $97,571.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,700/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1933
1.80 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: Brenda Blankenship • Five Stone Real Estate, LLC
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252614
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.