513 Derwood RdLumbertonNC28358
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lumberton at 513 Derwood Rd, Lumberton, NC, 28358 offers $1,577/mo rent that, after a $702/mo payment, leaves $703/mo cash flow. Total monthly income is $1,577/mo, and annual cash flow is $8,434/yr on $47,570 cash. Return on cash invested measures 37.64% in year one, and rental yield stands at 13.19% at a $143,500 entry. Equity gained on principal adds $926/yr while 5% annual appreciation compounds into $39,646 by year five. Five-year ROI records 197.78% and total cumulative return in cash reaches $94,085. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,577/mo property income versus a $702/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SANDRA HAYES • COLDWELL BANKER PREMIER TEAM REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #746996
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.