341 Eastover CircleLenoirNC28645
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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 341 Eastover Circle, Lenoir, NC, 28645 priced at $179,900 converts $1,666/mo rent into $569/mo cash flow after a $881/mo obligation. Total monthly income equals $1,666/mo, and annual cash flow totals $6,829/yr on $59,637 invested. Return on cash invested prints 31.36% in year one, and rental yield reads 11.11% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 164.21% and total cumulative return in cash sums $97,929. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,666/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.31 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 Provider:
Mls ID: #256095
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.