124 Eastside DrForest CityNC28043
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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 Forest City at 124 Eastside Dr, Forest City, NC, 28043 priced at $112,000 converts $853/mo rent into $171/mo cash flow after a $548/mo obligation. Total monthly income equals $853/mo, and annual cash flow totals $2,047/yr on $37,128 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 9.14% against a $112,000 entry. Equity gained on principal adds $723/yr, while 5% annual appreciation compiles into $30,944 by year five. Five-year ROI reaches 132.36% and total cumulative return in cash sums $49,143. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $853/mo property income covering a $548/mo payment, not borrower’s personal income.
Single Family
Built in 1918
0.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Listed by: Angela West • Angela West Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322288