160 Magnolia StLowgapNC27024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lowgap at 160 Magnolia St, Lowgap, NC, 27024 offers $778/mo rent that, after a $489/mo payment, leaves $169/mo cash flow. Total monthly income is $778/mo, and annual cash flow is $2,028/yr on $33,150 cash. Return on cash invested measures 26.03% in year one, and rental yield stands at 9.34% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 135.51% and total cumulative return in cash reaches $44,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $778/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27024, Lowgap, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,341 (100%) |
| Owner Occupied HU | 875 (65.2%) |
| Renter Occupied HU | 193 (14.4%) |
| Vacant Housing Units | 273 (20.4%) |
| Median Home Value | $205,864 |
| Average Home Value | $208,949 |
Housing Distribution
Address Breakdown
Residential
1,064
Single Family
1,064
Multi-Family
0
Businesses
36
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Listed by: Samantha Mosley • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1197351