218 E Main StLawndaleNC28090
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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 Lawndale at 218 E Main St, Lawndale, NC, 28090 with 5% annual appreciation on a $198,000 basis while $1,331/mo rent supports operations. Total monthly income totals $1,331/mo and a $969/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,493/yr on $65,637 deployed, and return on cash invested reaches 22.18% in year one. Equity gained on principal adds $1,278/yr, and five-year appreciation sums $54,704 alongside rental yield of 8.07%. Five-year ROI measures 114.97% and total cumulative return in cash totals $75,460.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,331/mo property income versus a $969/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1928
0.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28090, Lawndale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,012 (100%) |
| Owner Occupied HU | 2,708 (67.5%) |
| Renter Occupied HU | 830 (20.7%) |
| Vacant Housing Units | 474 (11.8%) |
| Median Home Value | $221,971 |
| Average Home Value | $250,305 |
Housing Distribution
Address Breakdown
Residential
3,220
Single Family
3,220
Multi-Family
0
Businesses
117
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Listed by: Marvin Biddix • RE/MAX Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329960