2866 Old Morganton RdLenoirNC28645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2866 Old Morganton Rd, Lenoir, NC, 28645 listed at $335,000 pairs $2,112/mo rent with a $1,640/mo payment to leave $70/mo cash flow. Total monthly income runs $2,112/mo, and annual cash flow reaches $840/yr on $111,053 cash to close. Return on cash invested measures 20.67% in year one, and rental yield registers 7.57% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 106.77% and total cumulative return in cash totals $118,568. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,112/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
3.51 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Blankenship • Five Stone Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4261191