1515 Berkley St SWLenoirNC28645
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
Investment property for sale in Lenoir at 1515 Berkley St SW, Lenoir, NC, 28645 at $339,000 posts ROI 20.47% with $52/mo cash flow from $2,118/mo rent. Total monthly income equals $2,118/mo, and annual cash flow records $626/yr on $112,379 to close. Return on cash invested measures 20.47% and rental yield reads 7.5% at the current $339,000. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 by year five. Five-year ROI prints 105.73% and total cumulative return in cash totals $118,816.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,118/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
0.51 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: Alexzandra Papa • Zenith Realty Group, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315042