1505 Rye Mountain DriveGlenvilleNC28736
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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
Total monthly income runs $2,857/mo, and a $4,332/mo payment. Purchase price stands at $885,000, and rental yield measures 3.87% with $2,857/mo rent. Return on cash invested shows 9.6% in year one, and 5% annual appreciation builds toward $244,509 over five years. Five-year ROI reaches 47.41% and total cumulative return in cash records $138,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $4,332/mo payment rather than investor’s personal income.
Single Family
Built in 1985
32.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28736, Glenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 355 (29.0%) |
| Renter Occupied HU | 100 ( 8.2%) |
| Vacant Housing Units | 768 (62.8%) |
| Median Home Value | $439,063 |
| Average Home Value | $540,718 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
52
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Listed by: Daniel Allen • Silver Creek Real Estate Group, Inc.
Mls Name: HCMLS
Mls ID: #1002094