107 Glenwood AveJonesvilleNC28642
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 107 Glenwood Ave, Jonesville, NC, 28642 in Jonesville hard to pass up. The 10.78% gross yield on a $190,000 purchase results in $1,706/mo in rent and $548/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.00). Annual cash flow of $6,581, five-year appreciation of $52,494, and $1,750/yr in equity build-up combine for a projected total cumulative return of $107,259.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.2% |
| Monthly Cash Flow | $548 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,706 |
| Total Monthly Debt Service | $1,082 |
| DSCR Ratio | 1.58x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28642, Jonesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,510 (100%) |
| Owner Occupied HU | 1,598 (63.7%) |
| Renter Occupied HU | 680 (27.1%) |
| Vacant Housing Units | 232 ( 9.2%) |
| Median Home Value | $153,205 |
| Average Home Value | $187,322 |
Housing Distribution
Address Breakdown
Residential
2,383
Single Family
2,375
Multi-Family
8
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1978
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28642, Jonesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,510 (100%) |
| Owner Occupied HU | 1,598 (63.7%) |
| Renter Occupied HU | 680 (27.1%) |
| Vacant Housing Units | 232 ( 9.2%) |
| Median Home Value | $153,205 |
| Average Home Value | $187,322 |
Housing Distribution
Address Breakdown
Residential
2,383
Single Family
2,375
Multi-Family
8
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Furman G. Burt • Realty Executives W/S
Mls Name: Triad MLS
Mls ID: #1201190