358 Carriage LnLinwoodNC27299
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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 Linwood at 358 Carriage Ln, Linwood, NC, 27299 generates $2,293/mo in rent and, after a $1,512/mo payment, leaves $410/mo in cash flow. Total monthly income is $2,293/mo, and annual cash flow is $4,922/yr on $102,434 invested. Return on cash invested sits at 24.71% in year one, and rental yield is 8.9% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 128.51% and total cumulative return in cash sums $131,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27299, Linwood, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,196 (100%) |
| Owner Occupied HU | 1,611 (73.4%) |
| Renter Occupied HU | 422 (19.2%) |
| Vacant Housing Units | 163 ( 7.4%) |
| Median Home Value | $265,625 |
| Average Home Value | $281,597 |
Housing Distribution
Address Breakdown
Residential
2,067
Single Family
2,067
Multi-Family
0
Businesses
110
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Listed by: Ashley Myers Nelson • Leonard Craver Realty Inc
Mls Name: Triad MLS
Mls ID: #1207525