113 Calloway LnState RoadNC28676
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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 State Road at 113 Calloway Ln, State Road, NC, 28676 priced at $247,500 converts $0/mo rent into after a $1,211/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.15% in year one, and rental yield reads 0% against a $247,500 entry. Equity gained on principal adds $1,597/yr, while 5% annual appreciation compiles into $68,380 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,211/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28676, State Road, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,248 (73.1%) |
| Renter Occupied HU | 332 (19.4%) |
| Vacant Housing Units | 128 ( 7.5%) |
| Median Home Value | $242,083 |
| Average Home Value | $299,643 |
Housing Distribution
Address Breakdown
Residential
1,505
Single Family
1,505
Multi-Family
0
Businesses
74
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Gambill Aldridge • Basin Creek Realty
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1158718
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