308 E 17th StLumbertonNC28358
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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 Lumberton at 308 E 17th St, Lumberton, NC, 28358 generates $1,717/mo in rent, after a $1,713/mo payment. Total monthly income is $1,717/mo. Return on cash invested sits at 15.61% in year one, and rental yield is 5.89% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 79.68% and total cumulative return in cash sums $92,418. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,717/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28358, Lumberton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,182 (100%) |
| Owner Occupied HU | 7,971 (52.5%) |
| Renter Occupied HU | 5,246 (34.6%) |
| Vacant Housing Units | 1,965 (12.9%) |
| Median Home Value | $130,097 |
| Average Home Value | $180,703 |
Housing Distribution
Address Breakdown
Residential
15,256
Single Family
13,674
Multi-Family
1,582
Businesses
1,406
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Listed by: BRIAN BREWINGTON • 1ST CHOICE REAL ESTATE
Mls Name: LPRMLS
Mls ID: #751274