29 Laforce LnBroadwayNC27505
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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 Broadway at 29 Laforce Ln, Broadway, NC, 27505 priced at $328,900 converts $2,147/mo rent into $142/mo cash flow after a $1,610/mo obligation. Total monthly income equals $2,147/mo, and annual cash flow totals $1,708/yr on $109,030 invested. Return on cash invested prints 21.48% in year one, and rental yield reads 7.83% against a $328,900 entry. Equity gained on principal adds $2,122/yr, while 5% annual appreciation compiles into $90,869 by year five. Five-year ROI reaches 111.14% and total cumulative return in cash sums $121,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,147/mo property income covering a $1,610/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27505, Broadway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 2,188 (70.6%) |
| Renter Occupied HU | 686 (22.1%) |
| Vacant Housing Units | 227 ( 7.3%) |
| Median Home Value | $275,114 |
| Average Home Value | $275,680 |
Housing Distribution
Address Breakdown
Residential
2,804
Single Family
2,804
Multi-Family
0
Businesses
95
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Listed by: DAYNE LUCK • LGI REALTY NC, LLC.
Mls Name: LPRMLS
Mls ID: #754955