195 Old Barrett RdEnniceNC28623
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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 Ennice at 195 Old Barrett Rd, Ennice, NC, 28623 earns $820/mo cash flow from $1,795/mo rent with a $783/mo payment. Total monthly income totals $1,795/mo, and annual cash flow totals $9,841/yr on $53,007 capital. ROI tracks 38.48% on current figures, and rental yield reads 13.47% at a $159,900 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 over five years. Five-year ROI reaches 202.38% and total cumulative return in cash sums $107,274. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,795/mo property income instead of your personal income.
Manufactured
Built in 1998
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28623, Ennice, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 584 (55.8%) |
| Renter Occupied HU | 135 (12.9%) |
| Vacant Housing Units | 328 (31.3%) |
| Median Home Value | $302,791 |
| Average Home Value | $280,355 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
30
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Listed by: Debi Nelson • Dan River Real Estate-Pilot Mt
Mls Name: Triad MLS
Mls ID: #1200917