1389 McIver RdLumber BridgeNC28357
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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
Rental property for sale in Lumber Bridge at 1389 McIver Rd, Lumber Bridge, NC, 28357 generates $2,308/mo in rent and, after a $1,076/mo payment, leaves $968/mo in cash flow. Total monthly income is $2,308/mo, and annual cash flow is $11,617/yr on $72,897 invested. Return on cash invested sits at 35.85% in year one, and rental yield is 12.59% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 188.23% and total cumulative return in cash sums $137,212. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,308/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28357, Lumber Bridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 798 (68.9%) |
| Renter Occupied HU | 250 (21.6%) |
| Vacant Housing Units | 111 ( 9.6%) |
| Median Home Value | $125,000 |
| Average Home Value | $208,155 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,139
Multi-Family
0
Businesses
39
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Listed by: SHARON WILSON • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #724721
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.