260 Stephanie StLindenNC28356
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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 Linden at 260 Stephanie St, Linden, NC, 28356 priced at $224,500 converts $2,192/mo rent into $824/mo cash flow after a $1,099/mo obligation. Total monthly income equals $2,192/mo, and annual cash flow totals $9,883/yr on $74,422 invested. Return on cash invested prints 33.19% in year one, and rental yield reads 11.72% against a $224,500 entry. Equity gained on principal adds $1,449/yr, while 5% annual appreciation compiles into $62,025 by year five. Five-year ROI reaches 173.94% and total cumulative return in cash sums $129,452. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,192/mo property income covering a $1,099/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28356, Linden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,390 (100%) |
| Owner Occupied HU | 1,766 (73.9%) |
| Renter Occupied HU | 439 (18.4%) |
| Vacant Housing Units | 185 ( 7.7%) |
| Median Home Value | $302,226 |
| Average Home Value | $313,153 |
Housing Distribution
Address Breakdown
Residential
2,165
Single Family
2,165
Multi-Family
0
Businesses
48
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Listed by: DAVID SATTELMEYER • CENTURY 21 The Realty Group
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741102
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.