88 Glencove DrLumbertonNC28360
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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 Lumberton at 88 Glencove Dr, Lumberton, NC, 28360 priced at $221,500 pairs $1,380/mo rent with $30/mo cash flow after a $1,084/mo payment. Total monthly income equals $1,380/mo, and annual cash flow comes to $362/yr on $73,427 invested. Return on cash invested is 20.4% in year one, and rental yield stands at 7.48% on a $221,500 basis. Equity gained on principal adds $1,429/yr, and 5% annual appreciation accumulates to $61,196 by year five. Five-year ROI measures 105.41% and total cumulative return in cash reaches $77,402. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $1,084/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.61 Acres lot
$N/A/sqft
No HOA
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Listed by: JAMES "ALEX" MCFADYEN • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #731922
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