109 Main StSouth MillsNC27976
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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 South Mills at 109 Main St, South Mills, NC, 27976 offers a 8.04% rental yield on a $425,000 purchase with $2,849/mo rent. Total monthly income registers $2,849/mo, and a $2,080/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,108/yr on $140,888 to close, and return on cash invested stands at 22.12% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 114.54% and total cumulative return in cash at $161,369. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,849/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A