8220 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
Rental property for sale in Linden at 8220 Rivermist Ln, Linden, NC, 28356 priced at $449,900 converts $2,819/mo rent into $33/mo cash flow after a $2,202/mo obligation. Total monthly income equals $2,819/mo, and annual cash flow totals $400/yr on $149,142 invested. Return on cash invested prints 20.18% in year one, and rental yield reads 7.52% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 104.3% and total cumulative return in cash sums $155,554. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,819/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 2018
1.85 Acres lot
$N/A/sqft
$525 annually 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: KEVIN WESTER • DESTINY REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742726
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.