115 Race CtGodwinNC28344
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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 Godwin at 115 Race Ct, Godwin, NC, 28344 generates $2,429/mo in rent and, after a $1,508/mo payment, leaves $524/mo in cash flow. Total monthly income is $2,429/mo, and annual cash flow is $6,293/yr on $102,102 invested. Return on cash invested sits at 26.07% in year one, and rental yield is 9.46% on a $308,000 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation builds toward $85,095 over five years. Five-year ROI reaches 135.9% and total cumulative return in cash sums $138,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,429/mo property income rather than buyer’s personal income.
Single Family
Built in 2011
N/A lot
$N/A/sqft
$324 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28344, Godwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,273 (100%) |
| Owner Occupied HU | 918 (72.1%) |
| Renter Occupied HU | 253 (19.9%) |
| Vacant Housing Units | 102 ( 8.0%) |
| Median Home Value | $239,623 |
| Average Home Value | $255,961 |
Housing Distribution
Address Breakdown
Residential
1,259
Single Family
1,259
Multi-Family
0
Businesses
33
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Listed by: AILEEN ROGERS • FATHOM REALTY NC, LLC FAY.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #746127
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.