183 Hollywood StForest CityNC28043
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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
Rental property for sale in Forest City at 183 Hollywood St, Forest City, NC, 28043 priced at $238,000 pairs $1,724/mo rent with $273/mo cash flow after a $1,165/mo payment. Total monthly income equals $1,724/mo, and annual cash flow comes to $3,281/yr on $78,897 invested. Return on cash invested is 24.07% in year one, and rental yield stands at 8.69% on a $238,000 basis. Equity gained on principal adds $1,536/yr, and 5% annual appreciation accumulates to $65,755 by year five. Five-year ROI measures 125.04% and total cumulative return in cash reaches $98,650. For financing, Ziffy Mortgage’s DSCR program evaluates $1,724/mo property income against a $1,165/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Listed by: Kasey Jackson • Main Street Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298952