633 Lhasa Apso LnIron StationNC28080
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Nearby investment properties with comparable prices
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 Iron Station at 633 Lhasa Apso Ln, Iron Station, NC, 28080 uses $89,339 cash to close to unlock $2,479/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,849/mo, and a $1,319/mo payment keeps the spread at $207/mo. Purchase price stands at $269,500, and rental yield measures 8.23% with $1,849/mo rent. Return on cash invested shows 22.68% in year one, and 5% annual appreciation builds toward $74,458 over five years. Five-year ROI reaches 117.62% and total cumulative return in cash records $105,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,849/mo property income covering a $1,319/mo payment rather than investor’s personal income.
Manufactured
Built in 2018
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Justin Sciranko • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4173613
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)