2218 Chason 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 2218 Chason Rd, Lumber Bridge, NC, 28357 listed at $160,000 pairs $1,271/mo rent with a $783/mo payment to leave $296/mo cash flow. Total monthly income runs $1,271/mo, and annual cash flow reaches $3,552/yr on $53,040 cash to close. Return on cash invested measures 26.61% in year one, and rental yield registers 9.53% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 138.62% and total cumulative return in cash totals $73,526. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,271/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
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: ANDREW PIERCE • EXP REALTY LLC
Mls Name: LPRMLS
Mls ID: #751835