1161 Morgan RdHendersonNC27537
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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 Henderson at 1161 Morgan Rd, Henderson, NC, 27537 generates $849/mo in rent and, after a $524/mo payment, leaves $197/mo in cash flow. Total monthly income is $849/mo, and annual cash flow is $2,359/yr on $35,471 invested. Return on cash invested sits at 26.56% in year one, and rental yield is 9.52% on a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 138.42% and total cumulative return in cash sums $49,098. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $849/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27537, Henderson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,944 (100%) |
| Owner Occupied HU | 6,840 (62.5%) |
| Renter Occupied HU | 2,756 (25.2%) |
| Vacant Housing Units | 1,348 (12.3%) |
| Median Home Value | $198,962 |
| Average Home Value | $253,341 |
Housing Distribution
Address Breakdown
Residential
9,933
Single Family
9,894
Multi-Family
39
Businesses
258
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Listed by: Shevon Cooper • Coldwell Banker Advantage Hend
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10108322
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.