100 Meyers Ridge RdCramertonNC28032
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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 Cramerton at 100 Meyers Ridge Rd, Cramerton, NC, 28032 offers $2,812/mo rent that, after a $2,178/mo payment, leaves $100/mo cash flow. Total monthly income is $2,812/mo, and annual cash flow is $1,200/yr on $147,518 cash. Return on cash invested measures 20.72% in year one, and rental yield stands at 7.58% at a $445,000 entry. Equity gained on principal adds $2,872/yr while 5% annual appreciation compounds into $122,945 by year five. Five-year ROI records 107.07% and total cumulative return in cash reaches $157,940. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,812/mo property income versus a $2,178/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28032, Cramerton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,687 (100%) |
| Owner Occupied HU | 1,102 (65.3%) |
| Renter Occupied HU | 462 (27.4%) |
| Vacant Housing Units | 123 ( 7.3%) |
| Median Home Value | $360,308 |
| Average Home Value | $425,286 |
Housing Distribution
Address Breakdown
Residential
1,612
Single Family
1,572
Multi-Family
40
Businesses
127
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Listed by: Mason Cossette • ProStead Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4323013