1642-1644 & #1670RowlandNC28383
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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 Rowland at 1642-1644 & #1670, Rowland, NC, 28383 offers a 8.21% rental yield on a $136,000 purchase with $930/mo rent. Total monthly income registers $930/mo, and a $666/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,210/yr on $45,084 to close, and return on cash invested stands at 22.59% in year one. Equity gained on principal adds $878/yr while 5% annual appreciation supports $37,574 over five years. Portfolio math shows five-year ROI at 117.12% and total cumulative return in cash at $52,802. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28383, Rowland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,945 (100%) |
| Owner Occupied HU | 2,060 (69.9%) |
| Renter Occupied HU | 589 (20.0%) |
| Vacant Housing Units | 296 (10.1%) |
| Median Home Value | $89,344 |
| Average Home Value | $137,808 |
Housing Distribution
Address Breakdown
Residential
2,696
Single Family
2,696
Multi-Family
0
Businesses
119
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Listed by: JESSICA WHEELER • RE/MAX REAL ESTATE SERVICE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #731239
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.