1074 Howard Colvard RoadCrumplerNC28617
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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 Crumpler at 1074 Howard Colvard Road, Crumpler, NC, 28617 generates $1,938/mo in rent and, after a $1,199/mo payment, leaves $445/mo in cash flow. Total monthly income is $1,938/mo, and annual cash flow is $5,340/yr on $81,218 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 9.49% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 137.97% and total cumulative return in cash sums $112,056. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,938/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28617, Crumpler, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,292 (100%) |
| Owner Occupied HU | 699 (54.1%) |
| Renter Occupied HU | 211 (16.3%) |
| Vacant Housing Units | 382 (29.6%) |
| Median Home Value | $277,500 |
| Average Home Value | $315,304 |
Housing Distribution
Address Breakdown
Residential
1,034
Single Family
1,034
Multi-Family
0
Businesses
16
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Listed by: Andrea Reeves-Witherspoon • Regency Properties
Mls Name: High Country AOR
Mls ID: #257270