983 Chason RdLumber BridgeNC28357
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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 Lumber Bridge at 983 Chason Rd, Lumber Bridge, NC, 28357 uses $112,677 cash to close to unlock $6,109/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $2,581/mo, and a $1,664/mo payment keeps the spread at $509/mo. Purchase price stands at $339,900, and rental yield measures 9.11% with $2,581/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 131.83% and total cumulative return in cash records $148,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,581/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28357, Lumber Bridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 798 (68.9%) |
| Renter Occupied HU | 250 (21.6%) |
| Vacant Housing Units | 111 ( 9.6%) |
| Median Home Value | $125,000 |
| Average Home Value | $208,155 |
Housing Distribution
Address Breakdown
Residential
1,139
Single Family
1,139
Multi-Family
0
Businesses
39
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Listed by: TEAM THOMPSON • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #726910
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