146 Poplar LaneLansingNC28643
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lansing at 146 Poplar Lane, Lansing, NC, 28643 priced at $339,000 converts $2,005/mo rent into after a $1,659/mo obligation. Total monthly income equals $2,005/mo. Return on cash invested prints 19.26% in year one, and rental yield reads 7.1% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 99.27% and total cumulative return in cash sums $111,556. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,005/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28643, Lansing, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,116 (100%) |
| Owner Occupied HU | 1,248 (59.0%) |
| Renter Occupied HU | 282 (13.3%) |
| Vacant Housing Units | 586 (27.7%) |
| Median Home Value | $255,806 |
| Average Home Value | $352,007 |
Housing Distribution
Address Breakdown
Residential
1,689
Single Family
1,689
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melinda H. Poe • Regency Properties
Mls Name: High Country AOR
Mls ID: #258546