1504 Creekside DrRandlemanNC27317
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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 Randleman at 1504 Creekside Dr, Randleman, NC, 27317 generates $2,204/mo in rent and, after a $1,566/mo payment, leaves $254/mo in cash flow. Total monthly income is $2,204/mo, and annual cash flow is $3,048/yr on $106,080 invested. Return on cash invested sits at 22.78% in year one, and rental yield is 8.27% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 118.11% and total cumulative return in cash sums $125,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,204/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
1.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27317, Randleman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,332 (69.4%) |
| Renter Occupied HU | 1,916 (24.9%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $209,336 |
| Average Home Value | $246,020 |
Housing Distribution
Address Breakdown
Residential
7,335
Single Family
7,063
Multi-Family
272
Businesses
530
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