1076 Furnace RdIron StationNC28080
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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 Iron Station at 1076 Furnace Rd, Iron Station, NC, 28080 generates $1,572/mo in rent, after a $2,938/mo payment. Total monthly income is $1,572/mo. Return on cash invested sits at 7.38% in year one, and rental yield is 3.14% on a $600,250 entry. Equity gained on principal adds $3,873/yr, while 5% annual appreciation builds toward $165,838 over five years. Five-year ROI reaches 35.51% and total cumulative return in cash sums $70,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,572/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Noah Jenkins • SERHANT
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305734