176 2nd StRondaNC28670
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
Investment property for sale in Ronda at 176 2nd St, Ronda, NC, 28670 listed at $169,900 pairs $1,570/mo rent with a $832/mo payment to leave $534/mo cash flow. Total monthly income runs $1,570/mo, and annual cash flow reaches $6,409/yr on $56,322 cash to close. Return on cash invested measures 31.29% in year one, and rental yield registers 11.09% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 163.85% and total cumulative return in cash totals $92,282. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,570/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28670, Ronda, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 899 (71.5%) |
| Renter Occupied HU | 236 (18.8%) |
| Vacant Housing Units | 123 ( 9.8%) |
| Median Home Value | $227,321 |
| Average Home Value | $241,429 |
Housing Distribution
Address Breakdown
Residential
1,172
Single Family
1,172
Multi-Family
0
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Simpson • RE/MAX Impact Realty
Mls Name: Triad MLS
Mls ID: #1199715