387 Bourbon StLumbertonNC28358
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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 Lumberton at 387 Bourbon St, Lumberton, NC, 28358 priced at $277,900 pairs $1,566/mo rent with after a $1,360/mo payment. Total monthly income equals $1,566/mo. Return on cash invested is 18.25% in year one, and rental yield stands at 6.76% on a $277,900 basis. Equity gained on principal adds $1,793/yr, and 5% annual appreciation accumulates to $76,779 by year five. Five-year ROI measures 93.84% and total cumulative return in cash reaches $86,445. For financing, Ziffy Mortgage’s DSCR program evaluates $1,566/mo property income against a $1,360/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2005
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28358, Lumberton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,182 (100%) |
| Owner Occupied HU | 7,971 (52.5%) |
| Renter Occupied HU | 5,246 (34.6%) |
| Vacant Housing Units | 1,965 (12.9%) |
| Median Home Value | $130,097 |
| Average Home Value | $180,703 |
Housing Distribution
Address Breakdown
Residential
15,256
Single Family
13,674
Multi-Family
1,582
Businesses
1,406
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Listed by: DARK HORSE GROUP POWERED BY LPT REALTY • LPT REALTY LLC
Mls Name: LPRMLS
Mls ID: #751102