215 N Lumber StNashvilleNC27856
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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 Nashville at 215 N Lumber St, Nashville, NC, 27856 priced at $209,900 converts $1,836/mo rent into $557/mo cash flow after a $1,027/mo obligation. Total monthly income equals $1,836/mo, and annual cash flow totals $6,685/yr on $69,582 invested. Return on cash invested prints 29.52% in year one, and rental yield reads 10.5% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 154.31% and total cumulative return in cash sums $107,372. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,836/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27856, Nashville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,695 (100%) |
| Owner Occupied HU | 5,018 (65.2%) |
| Renter Occupied HU | 2,018 (26.2%) |
| Vacant Housing Units | 659 ( 8.6%) |
| Median Home Value | $243,683 |
| Average Home Value | $258,911 |
Housing Distribution
Address Breakdown
Residential
7,389
Single Family
7,317
Multi-Family
72
Businesses
429
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Listed by: Veneta Ford • VFG Realty
Mls Name: Doorify MLS
Mls ID: #10115599