1473 Morningside DrIron StationNC28080
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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 Iron Station at 1473 Morningside Dr, Iron Station, NC, 28080 earns from $2,774/mo rent with a $3,622/mo payment. Total monthly income totals $2,774/mo. ROI tracks 11.5% on current figures, and rental yield reads 4.5% at a $740,000 purchase. Equity gained on principal adds $4,775/yr, and 5% annual appreciation supports $204,448 over five years. Five-year ROI reaches 57.6% and total cumulative return in cash sums $140,242. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,774/mo property income instead of your personal income.
Single Family
Built in 2020
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Jennifer Coleman • Century 21 Town & Country Rlty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4340037