8215 Rivermist LnLindenNC28356
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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
Investment Highlights
Investment property for sale in Linden at 8215 Rivermist Ln, Linden, NC, 28356 offers a 5.5% rental yield on a $652,000 purchase with $2,988/mo rent. 55% in year one. Equity gained on principal adds $4,207/yr while 5% annual appreciation supports $180,136 over five years. Portfolio math shows five-year ROI at 73.94% and total cumulative return in cash at $158,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,988/mo property income against a $3,191/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28356, Linden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,390 (100%) |
| Owner Occupied HU | 1,766 (73.9%) |
| Renter Occupied HU | 439 (18.4%) |
| Vacant Housing Units | 185 ( 7.7%) |
| Median Home Value | $302,226 |
| Average Home Value | $313,153 |
Housing Distribution
Address Breakdown
Residential
2,165
Single Family
2,165
Multi-Family
0
Businesses
48
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Listed by: ROBERT BUNNELL • TOWNSEND REAL ESTATE
Mls Name: LPRMLS
Mls ID: #750812