112 Holmes StErwinNC28339
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Erwin at 112 Holmes St, Erwin, NC, 28339 priced at $179,900 converts $1,538/mo rent into $441/mo cash flow after a $881/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $5,293/yr on $59,637 invested. Return on cash invested prints 28.79% in year one, and rental yield reads 10.26% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 150.41% and total cumulative return in cash sums $89,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1933
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
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Listed by: Brooke Breitbach • Be Home Realty
Mls Name: Doorify MLS
Mls ID: #10115126