697 S Grove St, Lincolnton, NC, 28092 | $232/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lincolnton at 697 S Grove St, Lincolnton, NC, 28092 priced at $339,000 pairs $2,298/mo rent with $232/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,298/mo, and annual cash flow comes to $2,786/yr on $112,379 invested. Return on cash invested is 22.39% in year one, and rental yield stands at 8.13% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 116.04% and total cumulative return in cash reaches $130,408. For financing, Ziffy Mortgage’s DSCR program evaluates $2,298/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

0.57 Acres lot

$N/A/sqft

No HOA