519 Lower Creek Dr NELenoirNC28645
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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 Lenoir at 519 Lower Creek Dr NE, Lenoir, NC, 28645 with 5% annual appreciation on a $189,900 basis while $1,229/mo rent supports operations. Total monthly income totals $1,229/mo and a $929/mo payment preserves $72/mo for cash returns. Annual cash flow comes to $865/yr on $62,952 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 7.77%. Five-year ROI measures 110.17% and total cumulative return in cash totals $69,353.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,229/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1938
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28645, Lenoir, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,745 (100%) |
| Owner Occupied HU | 13,505 (62.1%) |
| Renter Occupied HU | 5,791 (26.6%) |
| Vacant Housing Units | 2,449 (11.3%) |
| Median Home Value | $210,906 |
| Average Home Value | $239,578 |
Housing Distribution
Address Breakdown
Residential
20,028
Single Family
19,699
Multi-Family
329
Businesses
1,303
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Listed by: Marianna Geyer • 828 Real Estate Services
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288701