116 River DrWarrensvilleNC28693
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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 Warrensville at 116 River Dr, Warrensville, NC, 28693 generates $2,129/mo in rent and, after a $1,493/mo payment, leaves $270/mo in cash flow. Total monthly income is $2,129/mo, and annual cash flow is $3,240/yr on $101,108 invested. Return on cash invested sits at 23.11% in year one, and rental yield is 8.38% on a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 119.89% and total cumulative return in cash sums $121,222. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,129/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28693, Warrensville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 952 (100%) |
| Owner Occupied HU | 549 (57.7%) |
| Renter Occupied HU | 146 (15.3%) |
| Vacant Housing Units | 257 (27.0%) |
| Median Home Value | $254,114 |
| Average Home Value | $302,805 |
Housing Distribution
Address Breakdown
Residential
662
Single Family
662
Multi-Family
0
Businesses
38
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