1330 W Ridge StRamseurNC27316
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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 Ramseur at 1330 W Ridge St, Ramseur, NC, 27316 uses $46,377 cash to close to unlock $16,179/yr annual cash flow and $1,348/mo monthly cash flow. Total monthly income runs $2,264/mo, and a $685/mo payment keeps the spread at $1,348/mo. Purchase price stands at $139,900, and rental yield measures 19.42% with $2,264/mo rent. Return on cash invested shows 54.8% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 290.45% and total cumulative return in cash records $134,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,264/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1920
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27316, Ramseur, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,213 (100%) |
| Owner Occupied HU | 2,098 (65.3%) |
| Renter Occupied HU | 745 (23.2%) |
| Vacant Housing Units | 370 (11.5%) |
| Median Home Value | $210,410 |
| Average Home Value | $246,519 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,510
Multi-Family
183
Businesses
207
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Listed by: Andrea Pegram • KELLER WILLIAMS REALTY
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1156218
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