137 Emory AveForest CityNC28043
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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 Forest City at 137 Emory Ave, Forest City, NC, 28043 with 5% annual appreciation on a $139,900 basis while $1,060/mo rent supports operations. Total monthly income totals $1,060/mo and a $685/mo payment preserves $207/mo for cash returns. Annual cash flow comes to $2,485/yr on $46,377 deployed, and return on cash invested reaches 25.27% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,652 alongside rental yield of 9.09%. Five-year ROI measures 131.53% and total cumulative return in cash totals $60,999.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,060/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Listed by: Ruston Williams • Century 21 Blackwell & Co - NC
Mls Name: SAR
Mls ID: #332344