402 W 34th 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
Investment property for sale in Lumberton at 402 W 34th St, Lumberton, NC, 28358 listed at $335,000 pairs $3,191/mo rent with a $1,640/mo payment to leave $1,149/mo cash flow. Total monthly income runs $3,191/mo, and annual cash flow reaches $13,788/yr on $111,053 cash to close. Return on cash invested measures 32.32% in year one, and rental yield registers 11.43% 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 169.29% and total cumulative return in cash totals $188,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,191/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 1966
0.56 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: LINDA METZGER • CENTURY 21 The Real Estate Center
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733701
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.