193 Clarington CtLumber 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 193 Clarington Ct, Lumber Bridge, NC, 28357 with 5% annual appreciation on a $155,000 basis while $1,177/mo rent supports operations. Total monthly income totals $1,177/mo and a $759/mo payment preserves $232/mo for cash returns. Annual cash flow comes to $2,784/yr on $51,383 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 9.11%. Five-year ROI measures 131.77% and total cumulative return in cash totals $67,708.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,177/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
N/A 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: GRISEL LOPEZ-MCGURTY • BHHS ALL AMERICAN HOMES #2
Mls Name: LPRMLS
Mls ID: #750691