3011 Will Lucas RdLindenNC28356
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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 Linden at 3011 Will Lucas Rd, Linden, NC, 28356 uses $94,478 cash to close to unlock $5,952/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $2,233/mo, and a $1,395/mo payment keeps the spread at $496/mo. Purchase price stands at $285,000, and rental yield measures 9.4% with $2,233/mo rent. Return on cash invested shows 26.21% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 136.48% and total cumulative return in cash records $128,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,233/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1975
4.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28356, Linden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,390 (100%) |
| Owner Occupied HU | 1,766 (73.9%) |
| Renter Occupied HU | 439 (18.4%) |
| Vacant Housing Units | 185 ( 7.7%) |
| Median Home Value | $302,226 |
| Average Home Value | $313,153 |
Housing Distribution
Address Breakdown
Residential
2,165
Single Family
2,165
Multi-Family
0
Businesses
48
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Listed by: April Stephens • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls ID: #10130141