605 W Lenoir AvenueKinstonNC28501
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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 Kinston at 605 W Lenoir Avenue, Kinston, NC, 28501 earns $286/mo cash flow from $1,383/mo rent with a $881/mo payment. Total monthly income totals $1,383/mo, and annual cash flow totals $3,432/yr on $59,670 capital. ROI tracks 25.66% on current figures, and rental yield reads 9.22% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 133.54% and total cumulative return in cash sums $79,685. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,383/mo property income instead of your personal income.
Single Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28501, Kinston, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,622 (100%) |
| Owner Occupied HU | 3,710 (38.6%) |
| Renter Occupied HU | 4,100 (42.6%) |
| Vacant Housing Units | 1,812 (18.8%) |
| Median Home Value | $96,667 |
| Average Home Value | $139,687 |
Housing Distribution
Address Breakdown
Residential
8,586
Single Family
8,006
Multi-Family
580
Businesses
763
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Listed by: Ruhamah Baker • KW Wilson (Keller Williams Realty)
Mls Name: Hive MLS
Mls ID: #100535860