103 Simmons Farm LnAraratNC27007
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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
Investment property for sale in Ararat at 103 Simmons Farm Ln, Ararat, NC, 27007 offers a 5.78% rental yield on a $308,000 purchase with $1,483/mo rent. 27% in year one. Equity gained on principal adds $1,987/yr while 5% annual appreciation supports $85,095 over five years. Portfolio math shows five-year ROI at 77.88% and total cumulative return in cash at $79,516. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,483/mo property income against a $1,508/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27007, Ararat, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 677 (72.3%) |
| Renter Occupied HU | 140 (14.9%) |
| Vacant Housing Units | 120 (12.8%) |
| Median Home Value | $228,650 |
| Average Home Value | $259,564 |
Housing Distribution
Address Breakdown
Residential
854
Single Family
854
Multi-Family
0
Businesses
30
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Listed by: Megan Bowman • Megan Bowman Realty LLC
Mls Name: Triad MLS
Mls ID: #1205369