144 S Main StNew LondonNC28127
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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 New London at 144 S Main St, New London, NC, 28127 uses $79,229 cash to close to unlock $5,534/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $1,918/mo, and a $1,170/mo payment keeps the spread at $461/mo. Purchase price stands at $239,000, and rental yield measures 9.63% with $1,918/mo rent. Return on cash invested shows 26.89% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 140.24% and total cumulative return in cash records $111,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1941
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28127, New London, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,437 (52.0%) |
| Renter Occupied HU | 506 (10.8%) |
| Vacant Housing Units | 1,748 (37.3%) |
| Median Home Value | $317,462 |
| Average Home Value | $393,053 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,344
Multi-Family
0
Businesses
132
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