510 Mill StLowellNC28098
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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 Lowell at 510 Mill St, Lowell, NC, 28098 generates $2,186/mo in rent and, after a $1,468/mo payment, leaves $358/mo in cash flow. Total monthly income is $2,186/mo, and annual cash flow is $4,296/yr on $99,450 invested. Return on cash invested sits at 24.23% in year one, and rental yield is 8.74% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash sums $125,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,186/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28098, Lowell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,727 (100%) |
| Owner Occupied HU | 1,142 (66.1%) |
| Renter Occupied HU | 508 (29.4%) |
| Vacant Housing Units | 77 ( 4.5%) |
| Median Home Value | $279,916 |
| Average Home Value | $331,259 |
Housing Distribution
Address Breakdown
Residential
1,570
Single Family
1,570
Multi-Family
0
Businesses
163
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Listed by: Vernes Maslesa • Keller Williams South Park
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325034