1783 Goodman Lake Rd, Morganton, NC, 28655 | $71/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Morganton at 1783 Goodman Lake Rd, Morganton, NC, 28655 generates $1,717/mo in rent and, after a $1,322/mo payment, leaves $71/mo in cash flow. Total monthly income is $1,717/mo, and annual cash flow is $852/yr on $89,505 invested. Return on cash invested sits at 20.86% in year one, and rental yield is 7.63% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 107.81% and total cumulative return in cash sums $96,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,717/mo property income rather than buyer’s personal income.

Single Family

Built in 1957

1.26 Acres lot

$N/A/sqft

No HOA