(Undisclosed Address)Lumber BridgeNC28357
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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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 Lumber Bridge at (Undisclosed Address), Lumber Bridge, NC, 28357 priced at $110,000 converts $1,388/mo rent into $718/mo cash flow after a $538/mo obligation. Total monthly income equals $1,388/mo, and annual cash flow totals $8,616/yr on $36,465 invested. Return on cash invested prints 43.54% in year one, and rental yield reads 15.14% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 229.44% and total cumulative return in cash sums $83,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,388/mo property income covering a $538/mo payment, not borrower’s personal income.
Lot
Built in N/A
10.08 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: DIXIE JACKSON MABE • EXIT REALTY PREFERRED
Mls Name: LPRMLS
Mls Provider:
Mls ID: #721856
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.