5454 Echo DrLa GrangeNC28551
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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 La Grange at 5454 Echo Dr, La Grange, NC, 28551 uses $46,410 cash to close to unlock $4,308/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,212/mo, and a $685/mo payment keeps the spread at $359/mo. Purchase price stands at $140,000, and rental yield measures 10.39% with $1,212/mo rent. Return on cash invested shows 29.19% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 152.47% and total cumulative return in cash records $70,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,212/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28551, La Grange, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,818 (100%) |
| Owner Occupied HU | 3,583 (61.6%) |
| Renter Occupied HU | 1,525 (26.2%) |
| Vacant Housing Units | 710 (12.2%) |
| Median Home Value | $182,914 |
| Average Home Value | $233,400 |
Housing Distribution
Address Breakdown
Residential
6,017
Single Family
5,994
Multi-Family
23
Businesses
299
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