1674 Ridgewood RdFranklinvilleNC27248
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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 Franklinville at 1674 Ridgewood Rd, Franklinville, NC, 27248 listed at $274,900 pairs $1,414/mo rent with a $1,346/mo payment. Total monthly income runs $1,414/mo. Return on cash invested measures 16.47% in year one, and rental yield registers 6.17% at a $274,900 basis. Equity gained on principal adds $1,774/yr, and annual property appreciation at 5% supports $75,950 by year five. Five-year ROI tracks 84.35% and total cumulative return in cash totals $76,863. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,414/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1988
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27248, Franklinville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,897 (100%) |
| Owner Occupied HU | 1,366 (72.0%) |
| Renter Occupied HU | 373 (19.7%) |
| Vacant Housing Units | 158 ( 8.3%) |
| Median Home Value | $216,279 |
| Average Home Value | $261,018 |
Housing Distribution
Address Breakdown
Residential
1,793
Single Family
1,793
Multi-Family
0
Businesses
68
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Listed by: Don Eddins • Connection Realty, LLC
Mls Name: Triad MLS
Mls ID: #1204043