1026 Rierson RdTobaccovilleNC27050
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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 Tobaccoville at 1026 Rierson Rd, Tobaccoville, NC, 27050 generates $1,254/mo in rent, after a $1,136/mo payment. Total monthly income is $1,254/mo. Return on cash invested sits at 17.41% in year one, and rental yield is 6.49% on a $232,000 entry. Equity gained on principal adds $1,497/yr, while 5% annual appreciation builds toward $64,097 over five years. Five-year ROI reaches 89.31% and total cumulative return in cash sums $68,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,254/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27050, Tobaccoville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,782 (100%) |
| Owner Occupied HU | 1,431 (80.3%) |
| Renter Occupied HU | 249 (14.0%) |
| Vacant Housing Units | 102 ( 5.7%) |
| Median Home Value | $294,939 |
| Average Home Value | $333,001 |
Housing Distribution
Address Breakdown
Residential
1,679
Single Family
1,679
Multi-Family
0
Businesses
65
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Listed by: Erin McGoldrick • JPAR Legacy Group
Mls Name: Triad MLS
Mls ID: #1189491