38430 Airport RdNew LondonNC28127
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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
Investment property for sale in New London at 38430 Airport Rd, New London, NC, 28127 listed at $335,000 pairs $2,206/mo rent with a $1,640/mo payment to leave $164/mo cash flow. Total monthly income runs $2,206/mo, and annual cash flow reaches $1,968/yr on $111,053 cash to close. Return on cash invested measures 21.68% in year one, and rental yield registers 7.9% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 112.2% and total cumulative return in cash totals $124,604. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,206/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28127, New London, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,437 (52.0%) |
| Renter Occupied HU | 506 (10.8%) |
| Vacant Housing Units | 1,748 (37.3%) |
| Median Home Value | $317,462 |
| Average Home Value | $393,053 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,344
Multi-Family
0
Businesses
132
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Listed by: Jill Dickson • TMR Realty, Inc.
Mls Name: Triad MLS
Mls ID: #1195012