111 Asbury RoadCove CityNC28523
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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 Cove City at 111 Asbury Road, Cove City, NC, 28523 with 5% annual appreciation on a $375,000 basis while $2,147/mo rent supports operations. 58% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 6.87%. Five-year ROI measures 95.56% and total cumulative return in cash totals $118,791. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,147/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
1.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28523, Cove City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,150 (100%) |
| Owner Occupied HU | 808 (70.3%) |
| Renter Occupied HU | 196 (17.0%) |
| Vacant Housing Units | 146 (12.7%) |
| Median Home Value | $216,441 |
| Average Home Value | $228,175 |
Housing Distribution
Address Breakdown
Residential
1,123
Single Family
1,123
Multi-Family
0
Businesses
53
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Listed by: Cristle Brooke Gaskins • Realty ONE Group East
Mls Name: Hive MLS
Mls ID: #100536919