1809 Garnett Street ExtHendersonNC27536
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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 Henderson at 1809 Garnett Street Ext, Henderson, NC, 27536 uses $56,322 cash to close to unlock $1,033/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,122/mo, and a $832/mo payment keeps the spread at $86/mo. Purchase price stands at $169,900, and rental yield measures 7.92% with $1,122/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 112.65% and total cumulative return in cash records $63,446. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,122/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27536, Henderson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,434 (100%) |
| Owner Occupied HU | 2,670 (35.9%) |
| Renter Occupied HU | 3,913 (52.6%) |
| Vacant Housing Units | 851 (11.4%) |
| Median Home Value | $137,313 |
| Average Home Value | $179,512 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,028
Multi-Family
860
Businesses
1,116
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Listed by: Karen Stainback • Coldwell Banker Advantage-Littleton
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139546
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.