24 Jay DrLumbertonNC28360
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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 Lumberton at 24 Jay Dr, Lumberton, NC, 28360 generates $889/mo in rent and, after a $538/mo payment, leaves $219/mo in cash flow. Total monthly income is $889/mo, and annual cash flow is $2,628/yr on $36,465 invested. Return on cash invested sits at 27.12% in year one, and rental yield is 9.7% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 141.34% and total cumulative return in cash sums $51,540. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $889/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.53 Acres lot
$N/A/sqft
No HOA
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Listed by: LAKISHA LOCKLEAR • THE REAL ESTATE CONCIERGE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #738477
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.