406 Old Whiteville RdLumbertonNC28358
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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 Lumberton at 406 Old Whiteville Rd, Lumberton, NC, 28358 priced at $165,000 converts $1,403/mo rent into $397/mo cash flow after a $808/mo obligation. Total monthly income equals $1,403/mo, and annual cash flow totals $4,764/yr on $54,698 invested. Return on cash invested prints 28.62% in year one, and rental yield reads 10.2% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 149.42% and total cumulative return in cash sums $81,731. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,405 sqft 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: Cristina Mariano • DASH Carolina
Mls Name: Doorify MLS
Mls ID: #10129766