3030 Cedar Crest DrLenoirNC28645
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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 Lenoir at 3030 Cedar Crest Dr, Lenoir, NC, 28645 priced at $356,000 converts $3,259/mo rent into $1,090/mo cash flow after a $1,742/mo obligation. Total monthly income equals $3,259/mo, and annual cash flow totals $13,078/yr on $118,014 invested. Return on cash invested prints 30.99% in year one, and rental yield reads 10.99% against a $356,000 entry. Equity gained on principal adds $2,297/yr, while 5% annual appreciation compiles into $98,356 by year five. Five-year ROI reaches 162.13% and total cumulative return in cash sums $191,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,259/mo property income covering a $1,742/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.63 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
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Listed by: Lisa Starnes • Baker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4168701
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)