815 Covenant WayLaurinburgNC28352
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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
Investment property for sale in Laurinburg at 815 Covenant Way, Laurinburg, NC, 28352 at $100,000 posts ROI 25.3% with $149/mo cash flow from $758/mo rent. Total monthly income equals $758/mo, and annual cash flow records $1,788/yr on $33,150 to close. Return on cash invested measures 25.3% and rental yield reads 9.1% at the current $100,000. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 by year five. Five-year ROI prints 131.63% and total cumulative return in cash totals $43,636.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $758/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28352, Laurinburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,044 (100%) |
| Owner Occupied HU | 5,072 (50.5%) |
| Renter Occupied HU | 3,843 (38.3%) |
| Vacant Housing Units | 1,129 (11.2%) |
| Median Home Value | $143,160 |
| Average Home Value | $188,793 |
Housing Distribution
Address Breakdown
Residential
9,733
Single Family
9,082
Multi-Family
651
Businesses
805
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Listed by: DANNY DAVIS JR • BHHS ALL AMERICAN HOMES #1
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740075
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.