411 Lafayette StClintonNC28328
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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 Clinton at 411 Lafayette St, Clinton, NC, 28328 priced at $265,000 pairs $1,896/mo rent with $281/mo cash flow after a $1,297/mo payment. Total monthly income equals $1,896/mo, and annual cash flow comes to $3,372/yr on $87,848 invested. Return on cash invested is 23.75% in year one, and rental yield stands at 8.59% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 123.29% and total cumulative return in cash reaches $108,303. For financing, Ziffy Mortgage’s DSCR program evaluates $1,896/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28328, Clinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,027 (100%) |
| Owner Occupied HU | 6,536 (59.3%) |
| Renter Occupied HU | 3,368 (30.5%) |
| Vacant Housing Units | 1,123 (10.2%) |
| Median Home Value | $186,580 |
| Average Home Value | $239,678 |
Housing Distribution
Address Breakdown
Residential
11,006
Single Family
10,779
Multi-Family
227
Businesses
839
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Listed by: JASMINE WALKER • BLOOM REALTY
Mls Name: LPRMLS
Mls ID: #754236