20100 Lee Ln #216LaurinburgNC28352
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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 Laurinburg at 20100 Lee Ln #216, Laurinburg, NC, 28352 generates $1,500/mo in rent and, after a $978/mo payment, leaves $282/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $3,385/yr on $66,267 invested. Return on cash invested sits at 25.02% in year one, and rental yield is 9% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 130.17% and total cumulative return in cash sums $86,257. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28352, Laurinburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,044 (100%) |
| Owner Occupied HU | 5,072 (50.5%) |
| Renter Occupied HU | 3,843 (38.3%) |
| Vacant Housing Units | 1,129 (11.2%) |
| Median Home Value | $143,160 |
| Average Home Value | $188,793 |
Housing Distribution
Address Breakdown
Residential
9,733
Single Family
9,082
Multi-Family
651
Businesses
805
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Listed by: Janet Wilson-Russell • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4187993
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 01:34:11 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)