402 Wilson DrLawndaleNC28090
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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 Lawndale at 402 Wilson Dr, Lawndale, NC, 28090 uses $65,040 cash to close to unlock $5,323/yr annual cash flow and $444/mo monthly cash flow. Total monthly income runs $1,639/mo, and a $960/mo payment keeps the spread at $444/mo. Purchase price stands at $196,200, and rental yield measures 10.02% with $1,639/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $54,206 over five years. Five-year ROI reaches 146.63% and total cumulative return in cash records $95,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,639/mo property income covering a $960/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28090, Lawndale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,012 (100%) |
| Owner Occupied HU | 2,708 (67.5%) |
| Renter Occupied HU | 830 (20.7%) |
| Vacant Housing Units | 474 (11.8%) |
| Median Home Value | $221,971 |
| Average Home Value | $250,305 |
Housing Distribution
Address Breakdown
Residential
3,220
Single Family
3,220
Multi-Family
0
Businesses
117
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Listed by: Debbie Pope • Century 21 Town & Country Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4190641
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)