1444 Piedmont DrLenoirNC28645
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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 Lenoir at 1444 Piedmont Dr, Lenoir, NC, 28645 generates $1,158/mo in rent and, after a $611/mo payment, leaves $397/mo in cash flow. Total monthly income is $1,158/mo, and annual cash flow is $4,765/yr on $41,404 invested. Return on cash invested sits at 31.42% in year one, and rental yield is 11.13% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 164.56% and total cumulative return in cash sums $68,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,158/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Chase Gray • Foothills Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4209426
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 09:54:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)