15 5th StAndrewsNC28901
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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 Andrews at 15 5th St, Andrews, NC, 28901 generates $1,453/mo in rent, after a $1,223/mo payment. Total monthly income is $1,453/mo. Return on cash invested sits at 18.9% in year one, and rental yield is 6.98% on a $249,800 entry. Equity gained on principal adds $1,612/yr, while 5% annual appreciation builds toward $69,015 over five years. Five-year ROI reaches 97.33% and total cumulative return in cash sums $80,599. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,453/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28901, Andrews, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,005 (100%) |
| Owner Occupied HU | 1,686 (56.1%) |
| Renter Occupied HU | 624 (20.8%) |
| Vacant Housing Units | 695 (23.1%) |
| Median Home Value | $232,199 |
| Average Home Value | $249,720 |
Housing Distribution
Address Breakdown
Residential
1,798
Single Family
1,785
Multi-Family
13
Businesses
249
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Nearby investment properties with comparable prices
Listed by: Robin Sargent • Old Town Brokers
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #152638
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.