444 Covington Rd,Lumberton,NC,28360

Investment Highlights

Rental property for sale in Lumberton at 444 Covington Rd, Lumberton, NC, 28360 generates $1,663/mo in rent and, after a $1,101/mo payment, leaves $292/mo in cash flow. Total monthly income is $1,663/mo, and annual cash flow is $3,504/yr on $74,588 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 8.87% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 127.88% and total cumulative return in cash sums $95,385. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,663/mo property income rather than buyer’s personal income.