309 NE Sassafras CourtLenoirNC28645
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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 Lenoir at 309 NE Sassafras Court, Lenoir, NC, 28645 with 5% annual appreciation on a $449,900 basis while $2,200/mo rent supports operations. 55% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 5.87%. Five-year ROI measures 79.36% and total cumulative return in cash totals $118,366. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,200/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
0.33 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: Jennifer Shattuck • Arrow Realty & Land Development
Mls Name: High Country AOR
Mls ID: #258955