514 Hand CirLowellNC28098
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 Lowell at 514 Hand Cir, Lowell, NC, 28098 offers $1,758/mo rent that, after a $1,126/mo payment, leaves $356/mo cash flow. Total monthly income is $1,758/mo, and annual cash flow is $4,272/yr on $76,245 cash. Return on cash invested measures 25.51% in year one, and rental yield stands at 9.17% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 132.75% and total cumulative return in cash reaches $101,215. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,758/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.35 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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Nearby investment properties with comparable prices
Listed by: Cody Cobb • Jason Mitchell Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4321648