193 Mountainview StForest CityNC28043
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
Rental property for sale in Forest City at 193 Mountainview St, Forest City, NC, 28043 priced at $265,900 converts $2,346/mo rent into $726/mo cash flow after a $1,301/mo obligation. Total monthly income equals $2,346/mo, and annual cash flow totals $8,711/yr on $88,146 invested. Return on cash invested prints 29.79% in year one, and rental yield reads 10.59% against a $265,900 entry. Equity gained on principal adds $1,716/yr, while 5% annual appreciation compiles into $73,463 by year five. Five-year ROI reaches 155.7% and total cumulative return in cash sums $137,242. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,346/mo property income covering a $1,301/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.46 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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Nearby investment properties with comparable prices
Listed by: Amy Jenkins • Main Street Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4196952
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)