528 Sherrill AveLincolntonNC28092
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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 Lincolnton at 528 Sherrill Ave, Lincolnton, NC, 28092 priced at $350,000 converts $2,004/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,004/mo. Return on cash invested prints 17.34% in year one, and rental yield reads 6.87% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 89.4% and total cumulative return in cash sums $103,730. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1850
0.59 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Debbie Pope • Century 21 Town & Country Rlty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4223986
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