1107 State Highway 32 SHobbsvilleNC27946
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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 Hobbsville at 1107 State Highway 32 S, Hobbsville, NC, 27946 uses $41,438 cash to close to unlock $12,511/yr annual cash flow and $1,043/mo monthly cash flow. Total monthly income runs $1,819/mo, and a $612/mo payment keeps the spread at $1,043/mo. Purchase price stands at $125,000, and rental yield measures 17.46% with $1,819/mo rent. Return on cash invested shows 50.1% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 264.84% and total cumulative return in cash records $109,745. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,819/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1941
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27946, Hobbsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 433 (100%) |
| Owner Occupied HU | 315 (72.7%) |
| Renter Occupied HU | 60 (13.9%) |
| Vacant Housing Units | 58 (13.4%) |
| Median Home Value | $215,441 |
| Average Home Value | $256,198 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
13
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Listed by: Diana Brink • A Better Way Realty, Inc
Mls Name: OBAR
Mls Provider:
Mls ID: #127378
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.