1163 Patterson Grove RdRamseurNC27316
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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 Ramseur at 1163 Patterson Grove Rd, Ramseur, NC, 27316 offers a 6.17% rental yield on a $279,900 purchase with $1,440/mo rent. 47% in year one. Equity gained on principal adds $1,806/yr while 5% annual appreciation supports $77,331 over five years. Portfolio math shows five-year ROI at 84.32% and total cumulative return in cash at $78,241. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27316, Ramseur, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,213 (100%) |
| Owner Occupied HU | 2,098 (65.3%) |
| Renter Occupied HU | 745 (23.2%) |
| Vacant Housing Units | 370 (11.5%) |
| Median Home Value | $210,410 |
| Average Home Value | $246,519 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,510
Multi-Family
183
Businesses
207
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Listed by: John Gatlin • RE/MAX Central Realty
Mls Name: Triad MLS
Mls ID: #1189421