142 Padgett Burns RdForest 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
Rental property for sale in Forest City at 142 Padgett Burns Rd, Forest City, NC, 28043 offers $2,194/mo rent that, after a $1,956/mo payment. Total monthly income is $2,194/mo. Return on cash invested measures 17.72% in year one, and rental yield stands at 6.59% at a $399,600 entry. Equity gained on principal adds $2,579/yr while 5% annual appreciation compounds into $110,402 by year five. Five-year ROI records 91% and total cumulative return in cash reaches $120,550. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,194/mo property income versus a $1,956/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2.51 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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