2646 Bill Tuttle RoadLenoirNC28645
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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 Lenoir at 2646 Bill Tuttle Road, Lenoir, NC, 28645 generates $1,861/mo in rent, after a $5,384/mo payment. Total monthly income is $1,861/mo. Return on cash invested sits at 4.06% in year one, and rental yield is 2.03% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 17.64% and total cumulative return in cash sums $62,875. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,861/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
130 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28645, Lenoir, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,745 (100%) |
| Owner Occupied HU | 13,505 (62.1%) |
| Renter Occupied HU | 5,791 (26.6%) |
| Vacant Housing Units | 2,449 (11.3%) |
| Median Home Value | $210,906 |
| Average Home Value | $239,578 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
19,699
Multi-Family
329
Businesses
1,303
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Listed by: Niki Long • True North Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252542
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.