163 Futrell LndgNew 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
Rental property for sale in New London at 163 Futrell Lndg, New London, NC, 28127 priced at $1,270,000 converts $4,103/mo rent into after a $6,216/mo obligation. Total monthly income equals $4,103/mo. Return on cash invested prints 9.76% in year one, and rental yield reads 3.88% against a $1,270,000 entry. Equity gained on principal adds $8,195/yr, while 5% annual appreciation compiles into $350,878 by year five. Five-year ROI reaches 48.2% and total cumulative return in cash sums $198,353. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,103/mo property income covering a $6,216/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.81 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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Listed by: Britney Biles • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324871