1023 Cedar Creek DrAsheboroNC27205
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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 Asheboro at 1023 Cedar Creek Dr, Asheboro, NC, 27205 generates $1,440/mo in rent, after a $3,181/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 5.91% in year one, and rental yield is 2.66% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 27.64% and total cumulative return in cash sums $59,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
0.93 Acres lot
$N/A/sqft
No HOA
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Listed by: Jeremy Perdue • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1206719