40348 Barnhardt RdNew LondonNC28127
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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 New London at 40348 Barnhardt Rd, New London, NC, 28127 earns $357/mo cash flow from $1,753/mo rent with a $1,121/mo payment. Total monthly income totals $1,753/mo, and annual cash flow totals $4,286/yr on $75,914 capital. ROI tracks 25.56% on current figures, and rental yield reads 9.19% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 133.06% and total cumulative return in cash sums $101,009. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,753/mo property income instead of your personal income.
Manufactured
Built in 2005
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28127, New London, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 2,437 (52.0%) |
| Renter Occupied HU | 506 (10.8%) |
| Vacant Housing Units | 1,748 (37.3%) |
| Median Home Value | $317,462 |
| Average Home Value | $393,053 |
Housing Distribution
Address Breakdown
Residential
3,344
Single Family
3,344
Multi-Family
0
Businesses
132
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Listed by: John Williams • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4338140