904 E Catawba StLincolntonNC28092
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 Lincolnton at 904 E Catawba St, Lincolnton, NC, 28092 listed at $196,900 pairs $1,496/mo rent with a $964/mo payment to leave $296/mo cash flow. Total monthly income runs $1,496/mo, and annual cash flow reaches $3,549/yr on $65,272 cash to close. Return on cash invested measures 25.35% in year one, and rental yield registers 9.12% at a $196,900 basis. Equity gained on principal adds $1,271/yr, and annual property appreciation at 5% supports $54,400 by year five. Five-year ROI tracks 131.9% and total cumulative return in cash totals $86,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,496/mo property income relative to a $964/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
0.23 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Dick • Apple Realty of Lincolnton
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4122899
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)