121 Ashe StCoatsNC27521
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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 Coats at 121 Ashe St, Coats, NC, 27521 uses $77,869 cash to close to unlock $2,185/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,614/mo, and a $1,150/mo payment keeps the spread at $182/mo. Purchase price stands at $234,900, and rental yield measures 8.25% with $1,614/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 117.81% and total cumulative return in cash records $91,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,614/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27521, Coats, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 1,807 (62.6%) |
| Renter Occupied HU | 838 (29.0%) |
| Vacant Housing Units | 240 ( 8.3%) |
| Median Home Value | $313,495 |
| Average Home Value | $342,104 |
Housing Distribution
Address Breakdown
Residential
2,543
Single Family
2,496
Multi-Family
47
Businesses
123
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Listed by: Jan Norris • RE/MAX Signature Realty
Mls Name: Doorify MLS
Mls ID: #10123190