303 E Oak StLucamaNC27851
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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 Lucama at 303 E Oak St, Lucama, NC, 27851 uses $51,383 cash to close to unlock $2,710/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,237/mo, and a $759/mo payment keeps the spread at $226/mo. Purchase price stands at $155,000, and rental yield measures 9.58% with $1,237/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 131.54% and total cumulative return in cash records $67,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,237/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1901
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27851, Lucama, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,341 (100%) |
| Owner Occupied HU | 1,532 (65.4%) |
| Renter Occupied HU | 511 (21.8%) |
| Vacant Housing Units | 298 (12.7%) |
| Median Home Value | $240,802 |
| Average Home Value | $245,692 |
Housing Distribution
Address Breakdown
Residential
1,953
Single Family
1,953
Multi-Family
0
Businesses
64
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Listed by: Elizabeth Luck • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10106657
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.