1300 Pennsylvania AvenueVandemereNC28587
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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 Vandemere at 1300 Pennsylvania Avenue, Vandemere, NC, 28587 offers a 6.4% rental yield on a $269,900 purchase with $1,440/mo rent. 16% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 88.03% and total cumulative return in cash at $78,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28587, Vandemere, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 171 (100%) |
| Owner Occupied HU | 90 (52.6%) |
| Renter Occupied HU | 17 ( 9.9%) |
| Vacant Housing Units | 64 (37.4%) |
| Median Home Value | $124,000 |
| Average Home Value | $248,778 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
10
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Listed by: Robin Hope Medlin • John Vesco Inc.
Mls Name: Hive MLS
Mls ID: #100551036