670 Cedarbrook CtLewisvilleNC27023
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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 Lewisville at 670 Cedarbrook Ct, Lewisville, NC, 27023 offers $1,825/mo rent that, after a $979/mo payment, leaves $606/mo cash flow. Total monthly income is $1,825/mo, and annual cash flow is $7,272/yr on $66,300 cash. Return on cash invested measures 30.88% in year one, and rental yield stands at 10.95% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 161.51% and total cumulative return in cash reaches $107,084. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,825/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1973
0.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27023, Lewisville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,746 (79.6%) |
| Renter Occupied HU | 816 (13.7%) |
| Vacant Housing Units | 403 ( 6.8%) |
| Median Home Value | $391,092 |
| Average Home Value | $494,701 |
Housing Distribution
Address Breakdown
Residential
5,550
Single Family
5,243
Multi-Family
307
Businesses
370
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Listed by: Martin Morales • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1193824