146 Summey StForest CityNC28043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 146 Summey St, Forest City, NC, 28043 generates $1,195/mo in rent and, after a $631/mo payment, leaves $409/mo in cash flow. Total monthly income is $1,195/mo, and annual cash flow is $4,910/yr on $42,764 invested. Return on cash invested sits at 31.39% in year one, and rental yield is 11.12% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 164.38% and total cumulative return in cash sums $70,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,195/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lola Barnes • Odean Keever & Associates, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317368