132 Armstrong RoadWhitakersNC27891
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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 Whitakers at 132 Armstrong Road, Whitakers, NC, 27891 generates $1,363/mo in rent and, after a $587/mo payment, leaves $632/mo in cash flow. Total monthly income is $1,363/mo, and annual cash flow is $7,585/yr on $39,747 invested. Return on cash invested sits at 38.99% in year one, and rental yield is 13.64% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 205.18% and total cumulative return in cash sums $81,552. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,363/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27891, Whitakers, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,339 (100%) |
| Owner Occupied HU | 1,495 (63.9%) |
| Renter Occupied HU | 495 (21.2%) |
| Vacant Housing Units | 349 (14.9%) |
| Median Home Value | $144,864 |
| Average Home Value | $179,719 |
Housing Distribution
Address Breakdown
Residential
1,800
Single Family
1,800
Multi-Family
0
Businesses
68
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Listed by: Arvelle Moore Jr. • MOORE REAL ESTATE MKTG INC
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100454859
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC