1606 Mill AveEdenNC27288
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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
Investment property for sale in Eden at 1606 Mill Ave, Eden, NC, 27288 uses $33,150 cash to close to unlock $1,872/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $765/mo, and a $489/mo payment keeps the spread at $156/mo. Purchase price stands at $100,000, and rental yield measures 9.18% with $765/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 132.97% and total cumulative return in cash records $44,080. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $765/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1921
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27288, Eden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,875 (100%) |
| Owner Occupied HU | 6,513 (54.8%) |
| Renter Occupied HU | 3,985 (33.6%) |
| Vacant Housing Units | 1,377 (11.6%) |
| Median Home Value | $146,940 |
| Average Home Value | $188,054 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,166
Multi-Family
601
Businesses
714
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Listed by: Ronald Conner, III • Mark Spain Real Estate
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1163461
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