624 Legion RdLenoirNC28645
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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 624 Legion Rd, Lenoir, NC, 28645 generates $1,524/mo in rent and, after a $1,180/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,524/mo, and annual cash flow is $658/yr on $79,892 invested. Return on cash invested sits at 20.73% in year one, and rental yield is 7.59% on a $241,000 entry. Equity gained on principal adds $1,555/yr, while 5% annual appreciation builds toward $66,584 over five years. Five-year ROI reaches 107.15% and total cumulative return in cash sums $85,600. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,524/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
1.24 Acres lot
$N/A/sqft
No 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: Chris Garner • Horizon Realty Associates LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4294315