5608 Table View LaneLenoirNC28645
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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 Lenoir at 5608 Table View Lane, Lenoir, NC, 28645 priced at $1,475,000 converts $3,172/mo rent into after a $7,219/mo obligation. Total monthly income equals $3,172/mo. Return on cash invested prints 5.17% in year one, and rental yield reads 2.58% against a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation compiles into $407,515 by year five. Five-year ROI reaches 23.79% and total cumulative return in cash sums $113,710. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,172/mo property income covering a $7,219/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1.70 Acres lot
$N/A/sqft
$2,835 annually 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: Jennifer Shattuck • Arrow Realty & Land Development
Mls Name: High Country AOR
Mls Provider:
Mls ID: #254300
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.