365-367 Turner St #6LincolntonNC28092
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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 365-367 Turner St #6, Lincolnton, NC, 28092 generates $2,358/mo in rent and, after a $1,610/mo payment, leaves $353/mo in cash flow. Total monthly income is $2,358/mo, and annual cash flow is $4,240/yr on $109,030 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 8.6% on a $328,900 entry. Equity gained on principal adds $2,122/yr, while 5% annual appreciation builds toward $90,869 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash sums $134,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,358/mo property income rather than buyer’s personal income.
Multi Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: Robin Whitener • Realty Executives of Hickory
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4204914
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