1270 N Enochville AveChina GroveNC28023
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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 China Grove at 1270 N Enochville Ave, China Grove, NC, 28023 offers a 7.38% rental yield on a $284,000 purchase with $1,746/mo rent. Total monthly income registers $1,746/mo, and a $1,390/mo payment leaves $15/mo available for distribution. Annual cash flow reaches $182/yr on $94,146 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $1,833/yr while 5% annual appreciation supports $78,464 over five years. Portfolio math shows five-year ROI at 103.8% and total cumulative return in cash at $97,721. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,746/mo property income against a $1,390/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Nearby investment properties with comparable prices
Listed by: Ellen-Nora Deese • Ellen-Nora & CO Properties
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1183665
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