698 Lake Head RdNorwoodNC28128
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
Investment property for sale in Norwood at 698 Lake Head Rd, Norwood, NC, 28128 earns from $3,240/mo rent with a $4,038/mo payment. Total monthly income totals $3,240/mo. ROI tracks 12.16% on current figures, and rental yield reads 4.71% at a $825,000 purchase. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 over five years. Five-year ROI reaches 61.09% and total cumulative return in cash sums $165,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,240/mo property income instead of your personal income.
Single Family
Built in 2016
0.32 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Kecia Smith • Four Seasons Realty Albemarle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4201848
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