159 Shaw RdHarmonyNC28634
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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 Harmony at 159 Shaw Rd, Harmony, NC, 28634 priced at $175,000 converts $1,356/mo rent into $289/mo cash flow after a $857/mo obligation. Total monthly income equals $1,356/mo, and annual cash flow totals $3,468/yr on $58,013 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 9.3% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 134.76% and total cumulative return in cash sums $78,175. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,356/mo property income covering a $857/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28634, Harmony, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,608 (70.7%) |
| Renter Occupied HU | 413 (18.2%) |
| Vacant Housing Units | 253 (11.1%) |
| Median Home Value | $227,326 |
| Average Home Value | $355,816 |
Housing Distribution
Address Breakdown
Residential
2,182
Single Family
2,182
Multi-Family
0
Businesses
106
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Listed by: Suzanne Osborne • Tarheel Realty II
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4308299