111 Parmer StForest 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 111 Parmer St, Forest City, NC, 28043 offers a 9.17% rental yield on a $100,000 purchase with $764/mo rent. Total monthly income registers $764/mo, and a $489/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,860/yr on $33,150 to close, and return on cash invested stands at 25.52% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 132.79% and total cumulative return in cash at $44,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $764/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.65 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: Emily Macon • Robert Greene Real Estate, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331619