2828 Playmore Beach 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
Investment property for sale in Lenoir at 2828 Playmore Beach Road, Lenoir, NC, 28645 earns $464/mo cash flow from $1,256/mo rent with a $636/mo payment. Total monthly income totals $1,256/mo, and annual cash flow totals $5,568/yr on $43,095 capital. ROI tracks 32.83% on current figures, and rental yield reads 11.59% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 171.98% and total cumulative return in cash sums $74,115. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,256/mo property income instead of your personal income.
Single Family
Built in 1969
5.40 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: Keaira Murrell • RIGGS REALTY GROUP
Mls Name: Hive MLS
Mls ID: #100546578