673 Lenoir RdMorgantonNC28655
Nearby investment properties with comparable rents
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
Rental property for sale in Morganton at 673 Lenoir Rd, Morganton, NC, 28655 priced at $135,000 converts $1,031/mo rent into $208/mo cash flow after a $661/mo obligation. Total monthly income equals $1,031/mo, and annual cash flow totals $2,496/yr on $44,753 invested. Return on cash invested prints 25.49% in year one, and rental yield reads 9.16% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 132.6% and total cumulative return in cash sums $59,341. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,031/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1950
1.38 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Madeline Pollard • Western Piedmont Real Estate, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4235150
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