3889 Colt CourtLenoirNC28645
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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 Lenoir at 3889 Colt Court, Lenoir, NC, 28645 generates $2,041/mo in rent and, after a $1,336/mo payment, leaves $377/mo in cash flow. Total monthly income is $2,041/mo, and annual cash flow is $4,529/yr on $90,500 invested. Return on cash invested sits at 24.91% in year one, and rental yield is 8.97% on a $273,000 entry. Equity gained on principal adds $1,762/yr, while 5% annual appreciation builds toward $75,425 over five years. Five-year ROI reaches 129.57% and total cumulative return in cash sums $117,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,041/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28645, Lenoir, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,745 (100%) |
| Owner Occupied HU | 13,505 (62.1%) |
| Renter Occupied HU | 5,791 (26.6%) |
| Vacant Housing Units | 2,449 (11.3%) |
| Median Home Value | $210,906 |
| Average Home Value | $239,578 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
19,699
Multi-Family
329
Businesses
1,303
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Listed by: Gabi Robison • Realty One Group Results-Boone
Mls Name: High Country AOR
Mls ID: #258070