408 Sherrill Farm RdLincolntonNC28092
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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 Lincolnton at 408 Sherrill Farm Rd, Lincolnton, NC, 28092 earns $1,010/mo cash flow from $1,735/mo rent with a $582/mo payment. Total monthly income totals $1,735/mo, and annual cash flow totals $12,122/yr on $39,449 capital. ROI tracks 50.64% on current figures, and rental yield reads 17.5% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 267.64% and total cumulative return in cash sums $105,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,735/mo property income instead of your personal income.
Manufactured
Built in 1985
1.46 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Brad Patton • Red Cedar Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4193147
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