262 Godwin Gate St LOT 53LindenNC28356
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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 262 Godwin Gate St LOT 53, Linden, NC, 28356 generates $2,160/mo in rent and, after a $1,653/mo payment, leaves $71/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $846/yr on $111,950 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 7.68% on a $337,706 entry. Equity gained on principal adds $2,179/yr, while 5% annual appreciation builds toward $93,302 over five years. Five-year ROI reaches 106.92% and total cumulative return in cash sums $119,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.47 Acres lot
$N/A/sqft
$375 annually 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: TIER ONE REAL ESTATE SERVICES • COLDWELL BANKER ADVANTAGE - YADKIN ROAD
Mls Name: LPRMLS
Mls Provider:
Mls ID: #731112
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.