121 Martin StEllenboroNC28040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ellenboro at 121 Martin St, Ellenboro, NC, 28040 priced at $124,000 converts $987/mo rent into $231/mo cash flow after a $607/mo obligation. Total monthly income equals $987/mo, and annual cash flow totals $2,774/yr on $41,106 invested. Return on cash invested prints 26.66% in year one, and rental yield reads 9.55% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 139.02% and total cumulative return in cash sums $57,147. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $987/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28040, Ellenboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,283 (64.1%) |
| Renter Occupied HU | 792 (22.3%) |
| Vacant Housing Units | 484 (13.6%) |
| Median Home Value | $198,300 |
| Average Home Value | $258,437 |
Housing Distribution
Address Breakdown
Residential
2,977
Single Family
2,977
Multi-Family
0
Businesses
95
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Suzanne McMurry • Clay & Associates Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4320616