LOT-72R Old Forest CtNorwoodNC28128
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowLOT-72R Old Forest Ct, Norwood, NC, 28128 in Norwood is a top-tier cash-flow asset. At $110,000 it produces $3,050/mo in rent and $2,218/mo in net monthly income, a 33.28% gross rental yield. The DSCR of 6.16 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $26,610. Five-year appreciation adds $30,391, driving a total cumulative return of $185,053.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 33.3% | 6.2% |
| Monthly Cash Flow | $2,218 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,050 |
| Total Monthly Debt Service | $789 |
| DSCR Ratio | 3.87x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
1.01 Acres lot
$N/A/sqft
$1,950 annually HOA
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
Lot
Built in N/A
1.01 Acres lot
$N/A/sqft
$1,950 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Norman • Lake Tillery Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4019076
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)