388 Monroe Miller RoadLansingNC28643
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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 Lansing at 388 Monroe Miller Road, Lansing, NC, 28643 priced at $179,900 pairs $1,608/mo rent with $511/mo cash flow after a $881/mo payment. Total monthly income equals $1,608/mo, and annual cash flow comes to $6,133/yr on $59,637 invested. Return on cash invested is 30.19% in year one, and rental yield stands at 10.73% on a $179,900 basis. Equity gained on principal adds $1,161/yr, and 5% annual appreciation accumulates to $49,703 by year five. Five-year ROI measures 157.95% and total cumulative return in cash reaches $94,197. For financing, Ziffy Mortgage’s DSCR program evaluates $1,608/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1978
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28643, Lansing, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,116 (100%) |
| Owner Occupied HU | 1,248 (59.0%) |
| Renter Occupied HU | 282 (13.3%) |
| Vacant Housing Units | 586 (27.7%) |
| Median Home Value | $255,806 |
| Average Home Value | $352,007 |
Housing Distribution
Address Breakdown
Residential
1,689
Single Family
1,689
Multi-Family
0
Businesses
55
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Listed by: Kelly Barr • Realty One Group Results
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255593
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.