187 Cartledge Creek RdRockinghamNC28379
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 Rockingham at 187 Cartledge Creek Rd, Rockingham, NC, 28379 earns $326/mo cash flow from $1,661/mo rent with a $1,072/mo payment. Total monthly income totals $1,661/mo, and annual cash flow totals $3,914/yr on $72,599 capital. ROI tracks 25.3% on current figures, and rental yield reads 9.1% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 131.68% and total cumulative return in cash sums $95,601. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,661/mo property income instead of your personal income.
Single Family
Built in 1952
2.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28379, Rockingham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,302 (100%) |
| Owner Occupied HU | 6,220 (55.0%) |
| Renter Occupied HU | 3,756 (33.2%) |
| Vacant Housing Units | 1,326 (11.7%) |
| Median Home Value | $158,183 |
| Average Home Value | $192,771 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,274
Multi-Family
493
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Frontera • Queen B & B Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4261307