1160 Roberts StChina GroveNC28023
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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 China Grove at 1160 Roberts St, China Grove, NC, 28023 generates $2,029/mo in rent and, after a $1,539/mo payment, leaves $113/mo in cash flow. Total monthly income is $2,029/mo, and annual cash flow is $1,351/yr on $104,257 invested. Return on cash invested sits at 21.21% in year one, and rental yield is 7.74% on a $314,500 entry. Equity gained on principal adds $2,029/yr, while 5% annual appreciation builds toward $86,891 over five years. Five-year ROI reaches 109.68% and total cumulative return in cash sums $114,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,029/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Listed by: Teresa Rufty • TMR Realty, Inc.
Mls Name: Triad MLS
Mls ID: #1199342