3719 Lenox LnDenverNC28037
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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 Denver at 3719 Lenox Ln, Denver, NC, 28037 generates $3,383/mo in rent and, after a $2,716/mo payment, leaves $1/mo in cash flow. Total monthly income is $3,383/mo, and annual cash flow is $12/yr on $182,595 invested. Return on cash invested sits at 20.07% in year one, and rental yield is 7.31% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 103.52% and total cumulative return in cash sums $189,020. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,383/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28037, Denver, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,428 (76.7%) |
| Renter Occupied HU | 2,019 (14.9%) |
| Vacant Housing Units | 1,142 ( 8.4%) |
| Median Home Value | $470,635 |
| Average Home Value | $547,465 |
Housing Distribution
Address Breakdown
Residential
13,309
Single Family
12,670
Multi-Family
639
Businesses
1,164
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Listed by: Amber Eaton • Call It Closed International Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301091