1320 Pratt RdAraratNC27007
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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 Ararat at 1320 Pratt Rd, Ararat, NC, 27007 uses $132,567 cash to close to unlock $3,805/yr annual cash flow and $317/mo monthly cash flow. Total monthly income runs $2,754/mo, and a $1,957/mo payment keeps the spread at $317/mo. Purchase price stands at $399,900, and rental yield measures 8.26% with $2,754/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 118.13% and total cumulative return in cash records $156,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,754/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1993
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27007, Ararat, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 677 (72.3%) |
| Renter Occupied HU | 140 (14.9%) |
| Vacant Housing Units | 120 (12.8%) |
| Median Home Value | $228,650 |
| Average Home Value | $259,564 |
Housing Distribution
Address Breakdown
Residential
854
Single Family
854
Multi-Family
0
Businesses
30
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Listed by: Maggie Cockerham • Rogers Realty & Auction Co., Inc.
Mls Name: Triad MLS
Mls ID: #1200794