80 Covenant LnGodwinNC28344
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 Godwin at 80 Covenant Ln, Godwin, NC, 28344 at $135,000 posts ROI 43.56% with $882/mo cash flow from $1,705/mo rent. Total monthly income equals $1,705/mo, and annual cash flow records $10,584/yr on $44,753 to close. Return on cash invested measures 43.56% and rental yield reads 15.16% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 229.53% and total cumulative return in cash totals $102,721.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,705/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28344, Godwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,273 (100%) |
| Owner Occupied HU | 918 (72.1%) |
| Renter Occupied HU | 253 (19.9%) |
| Vacant Housing Units | 102 ( 8.0%) |
| Median Home Value | $239,623 |
| Average Home Value | $255,961 |
Housing Distribution
Address Breakdown
Residential
1,259
Single Family
1,259
Multi-Family
0
Businesses
33
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Listed by: BECKI BOLTON TEAM POWERED BY COLDWELL BANKER ADVANTAGE • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls ID: #751365