1798 State Highway 801 SAdvanceNC27006
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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 Advance at 1798 State Highway 801 S, Advance, NC, 27006 uses $55,526 cash to close to unlock $2,928/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,265/mo, and a $820/mo payment keeps the spread at $244/mo. Purchase price stands at $167,500, and rental yield measures 9.06% with $1,265/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 130.99% and total cumulative return in cash records $72,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,265/mo property income covering a $820/mo payment rather than investor’s personal income.
Single Family
Built in 1947
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27006, Advance, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,346 (100%) |
| Owner Occupied HU | 5,736 (78.1%) |
| Renter Occupied HU | 1,129 (15.4%) |
| Vacant Housing Units | 481 ( 6.5%) |
| Median Home Value | $350,623 |
| Average Home Value | $380,540 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
5,624
Multi-Family
1,298
Businesses
336
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Listed by: Linda Leonard • Total Real Estate, LLC
Mls Name: Triad MLS
Mls ID: #1203056