190 Payton Place RdLumber BridgeNC28357
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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
Investment property for sale in Lumber Bridge at 190 Payton Place Rd, Lumber Bridge, NC, 28357 listed at $180,000 pairs $1,373/mo rent with a $881/mo payment to leave $276/mo cash flow. Total monthly income runs $1,373/mo, and annual cash flow reaches $3,312/yr on $59,670 cash to close. Return on cash invested measures 25.46% in year one, and rental yield registers 9.15% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 132.48% and total cumulative return in cash totals $79,049. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,373/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28357, Lumber Bridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 798 (68.9%) |
| Renter Occupied HU | 250 (21.6%) |
| Vacant Housing Units | 111 ( 9.6%) |
| Median Home Value | $125,000 |
| Average Home Value | $208,155 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,139
Multi-Family
0
Businesses
39
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Listed by: MIA HISHAM HASSANI • NOVUS REALTY GROUP, INC.
Mls Name: LPRMLS
Mls ID: #754625