504 Highland AveLumbertonNC28358
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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 Lumberton at 504 Highland Ave, Lumberton, NC, 28358 uses $62,985 cash to close to unlock $3,072/yr annual cash flow and $256/mo monthly cash flow. Total monthly income runs $1,414/mo, and a $930/mo payment keeps the spread at $256/mo. Purchase price stands at $190,000, and rental yield measures 8.93% with $1,414/mo rent. Return on cash invested shows 24.79% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 128.87% and total cumulative return in cash records $81,168. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,414/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.34 Acres 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: CHRISTIE CUTBUSH • RE/MAX REAL ESTATE EXCHANGE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741901
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.