11948 State Highway 87 SEdenNC27288
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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 Eden at 11948 State Highway 87 S, Eden, NC, 27288 generates $1,620/mo in rent, after a $5,873/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 2.8% in year one, and rental yield is 1.62% on a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation builds toward $331,538 over five years. Five-year ROI reaches 10.86% and total cumulative return in cash sums $42,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1932
56.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27288, Eden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,875 (100%) |
| Owner Occupied HU | 6,513 (54.8%) |
| Renter Occupied HU | 3,985 (33.6%) |
| Vacant Housing Units | 1,377 (11.6%) |
| Median Home Value | $146,940 |
| Average Home Value | $188,054 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,166
Multi-Family
601
Businesses
714
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Listed by: Eddie Price • Price & Associates, Realty
Mls Name: Triad MLS
Mls ID: #1206738