108 Woods Run CircleRichlandsNC28574
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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 Richlands at 108 Woods Run Circle, Richlands, NC, 28574 priced at $340,000 converts $2,049/mo rent into after a $1,664/mo obligation. Total monthly income equals $2,049/mo. Return on cash invested prints 19.66% in year one, and rental yield reads 7.23% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 101.39% and total cumulative return in cash sums $114,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,049/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28574, Richlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,158 (100%) |
| Owner Occupied HU | 5,572 (68.3%) |
| Renter Occupied HU | 1,722 (21.1%) |
| Vacant Housing Units | 864 (10.6%) |
| Median Home Value | $235,409 |
| Average Home Value | $266,109 |
Housing Distribution
Address Breakdown
Residential
7,543
Single Family
7,518
Multi-Family
25
Businesses
293
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Listed by: Brandy Labossiere • Carolina Real Estate Group
Mls Name: Hive MLS
Mls ID: #100547089