389 Lily LnWhittierNC28789
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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 Whittier at 389 Lily Ln, Whittier, NC, 28789 generates $2,396/mo in rent and, after a $1,811/mo payment, leaves $141/mo in cash flow. Total monthly income is $2,396/mo, and annual cash flow is $1,692/yr on $122,655 invested. Return on cash invested sits at 21.29% in year one, and rental yield is 7.77% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 110.1% and total cumulative return in cash sums $135,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,396/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28789, Whittier, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,973 (51.9%) |
| Renter Occupied HU | 663 (17.4%) |
| Vacant Housing Units | 1,165 (30.6%) |
| Median Home Value | $279,014 |
| Average Home Value | $359,721 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
133
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Listed by: Susan Ayers (MLS Only) • Home Zu (Mls Only)
Mls Name: Carolina Smokies MLS
Mls ID: #26040629
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.