1145 Lazy Branch RoadEnniceNC28623
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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 Ennice at 1145 Lazy Branch Road, Ennice, NC, 28623 earns $122/mo cash flow from $1,188/mo rent with a $856/mo payment. Total monthly income totals $1,188/mo, and annual cash flow totals $1,465/yr on $57,979 capital. ROI tracks 22.44% on current figures, and rental yield reads 8.15% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 116.36% and total cumulative return in cash sums $67,464. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,188/mo property income instead of your personal income.
Single Family
Built in 1974
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28623, Ennice, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 584 (55.8%) |
| Renter Occupied HU | 135 (12.9%) |
| Vacant Housing Units | 328 (31.3%) |
| Median Home Value | $302,791 |
| Average Home Value | $280,355 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
30
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Listed by: Daniel Ashby • Alleghany High Country Realty
Mls Name: High Country AOR
Mls ID: #259034