3228 Springfield DrLincolntonNC28092
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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 Lincolnton at 3228 Springfield Dr, Lincolnton, NC, 28092 generates $2,230/mo in rent, after a $1,835/mo payment. Total monthly income is $2,230/mo. Return on cash invested sits at 19.38% in year one, and rental yield is 7.14% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 99.85% and total cumulative return in cash sums $124,131. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,230/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.57 Acres lot
$N/A/sqft
No HOA
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Listed by: Bruce Juengst • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338120