1009 Lazy Branch RdEnniceNC28623
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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 Ennice at 1009 Lazy Branch Rd, Ennice, NC, 28623 priced at $218,000 pairs $1,241/mo rent with after a $1,067/mo payment. Total monthly income equals $1,241/mo. Return on cash invested is 18.45% in year one, and rental yield stands at 6.83% on a $218,000 basis. Equity gained on principal adds $1,407/yr, and 5% annual appreciation accumulates to $60,229 by year five. Five-year ROI measures 94.94% and total cumulative return in cash reaches $68,611. For financing, Ziffy Mortgage’s DSCR program evaluates $1,241/mo property income against a $1,067/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
2.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28623, Ennice, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 584 (55.8%) |
| Renter Occupied HU | 135 (12.9%) |
| Vacant Housing Units | 328 (31.3%) |
| Median Home Value | $302,791 |
| Average Home Value | $280,355 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
30
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Listed by: Jay Woodruff • Keller Williams Elite Blue Ridge
Mls Name: SWVAR
Mls Provider:
Mls ID: #97955
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.