700 Perkins StLowellNC28098
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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
Rental property for sale in Lowell at 700 Perkins St, Lowell, NC, 28098 priced at $235,000 converts $1,631/mo rent into $199/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,631/mo, and annual cash flow totals $2,388/yr on $77,903 invested. Return on cash invested prints 22.97% in year one, and rental yield reads 8.33% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 119.14% and total cumulative return in cash sums $92,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,631/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28098, Lowell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,727 (100%) |
| Owner Occupied HU | 1,142 (66.1%) |
| Renter Occupied HU | 508 (29.4%) |
| Vacant Housing Units | 77 ( 4.5%) |
| Median Home Value | $279,916 |
| Average Home Value | $331,259 |
Housing Distribution
Address Breakdown
Residential
1,570
Single Family
1,570
Multi-Family
0
Businesses
163
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Listed by: Nick Owens • Coldwell Banker Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277479