109 Avery DrForest CityNC28043
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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 Forest City at 109 Avery Dr, Forest City, NC, 28043 earns $240/mo cash flow from $1,642/mo rent with a $1,126/mo payment. Total monthly income totals $1,642/mo, and annual cash flow totals $2,880/yr on $76,245 capital. ROI tracks 23.69% on current figures, and rental yield reads 8.57% at a $229,999 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,544 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash sums $93,750. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,642/mo property income instead of your personal income.
Single Family
Built in 1971
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Listed by: Chris Scruggs • We Sell WNC, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310944