1485 Adkin 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 1485 Adkin Dr, Iron Station, NC, 28080 offers a 7.62% rental yield on a $499,950 purchase with $3,173/mo rent. Total monthly income registers $3,173/mo, and a $2,447/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,513/yr on $165,733 to close, and return on cash invested stands at 20.82% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,127 over five years. Portfolio math shows five-year ROI at 107.63% and total cumulative return in cash at $178,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,173/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.40 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: Lisa Archer • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327729