113 N Alley StFairmontNC28340
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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 Fairmont at 113 N Alley St, Fairmont, NC, 28340 offers $855/mo rent that, after a $538/mo payment, leaves $185/mo cash flow. Total monthly income is $855/mo, and annual cash flow is $2,220/yr on $36,465 cash. Return on cash invested measures 26% in year one, and rental yield stands at 9.33% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 135.35% and total cumulative return in cash reaches $49,356. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $855/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28340, Fairmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,073 (100%) |
| Owner Occupied HU | 2,560 (62.9%) |
| Renter Occupied HU | 1,021 (25.1%) |
| Vacant Housing Units | 492 (12.1%) |
| Median Home Value | $97,103 |
| Average Home Value | $146,345 |
Housing Distribution
Address Breakdown
Residential
3,840
Single Family
3,769
Multi-Family
71
Businesses
261
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Listed by: SAKIKA JAMES • BLUEPRINT PROPERTY GROUP, LLC.
Mls Name: LPRMLS
Mls ID: #749409