616 Lemming Ln SEBoliviaNC28422
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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 Bolivia at 616 Lemming Ln SE, Bolivia, NC, 28422 uses $120,964 cash to close to unlock $7,201/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $2,824/mo, and a $1,786/mo payment keeps the spread at $600/mo. Purchase price stands at $364,900, and rental yield measures 9.29% with $2,824/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 134.68% and total cumulative return in cash records $162,912. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,824/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28422, Bolivia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,819 (100%) |
| Owner Occupied HU | 4,108 (70.6%) |
| Renter Occupied HU | 639 (11.0%) |
| Vacant Housing Units | 1,072 (18.4%) |
| Median Home Value | $361,725 |
| Average Home Value | $402,232 |
Housing Distribution
Address Breakdown
Residential
5,467
Single Family
5,108
Multi-Family
359
Businesses
207
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Listed by: Nicole Maggio-Deaton • Chesapeake Homes - Coastal North Carolina Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N370000000211
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.