2944 N Lookout StClaremontNC28610
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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 Claremont at 2944 N Lookout St, Claremont, NC, 28610 uses $47,206 cash to close to unlock $2,713/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,094/mo, and a $697/mo payment keeps the spread at $226/mo. Purchase price stands at $142,400, and rental yield measures 9.22% with $1,094/mo rent. Return on cash invested shows 25.66% in year one, and 5% annual appreciation builds toward $39,342 over five years. Five-year ROI reaches 133.63% and total cumulative return in cash records $63,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,094/mo property income covering a $697/mo payment rather than investor’s personal income.
Single Family
Built in 1905
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28610, Claremont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,390 (100%) |
| Owner Occupied HU | 3,117 (71.0%) |
| Renter Occupied HU | 921 (21.0%) |
| Vacant Housing Units | 352 ( 8.0%) |
| Median Home Value | $273,083 |
| Average Home Value | $318,251 |
Housing Distribution
Address Breakdown
Residential
3,910
Single Family
3,822
Multi-Family
88
Businesses
182
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Listed by: Ann Carinci • Berkshire Hathaway HomeServices Landmark Prop
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4273883