111 Richmond RunStemNC27581
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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
Rental property for sale in Stem at 111 Richmond Run, Stem, NC, 27581 priced at $360,000 converts $2,690/mo rent into $496/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,690/mo, and annual cash flow totals $5,952/yr on $119,340 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 8.97% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 129.45% and total cumulative return in cash sums $154,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,690/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27581, Stem, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 1,355 (83.6%) |
| Renter Occupied HU | 188 (11.6%) |
| Vacant Housing Units | 78 ( 4.8%) |
| Median Home Value | $245,877 |
| Average Home Value | $293,303 |
Housing Distribution
Address Breakdown
Residential
1,500
Single Family
1,490
Multi-Family
10
Businesses
36
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Listed by: India Kershaw • KERSHAW REALTY GROUP LLC
Mls Name: Doorify MLS
Mls ID: #10131532