223 E Vance StLaurinburgNC28352
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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 223 E Vance St, Laurinburg, NC, 28352 generates $1,332/mo in rent and, after a $729/mo payment, leaves $424/mo in cash flow. Total monthly income is $1,332/mo, and annual cash flow is $5,090/yr on $49,394 invested. Return on cash invested sits at 30.21% in year one, and rental yield is 10.73% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 158.09% and total cumulative return in cash sums $78,088. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,332/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
8,712 sqft 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: TRACEY JONES-BROOKS • TJB REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #736394
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.