197 Douglas Town RdState RoadNC28676
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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 State Road at 197 Douglas Town Rd, State Road, NC, 28676 generates $0/mo in rent, after a $685/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.16% in year one, and rental yield is 0% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28676, State Road, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 1,248 (73.1%) |
| Renter Occupied HU | 332 (19.4%) |
| Vacant Housing Units | 128 ( 7.5%) |
| Median Home Value | $242,083 |
| Average Home Value | $299,643 |
Housing Distribution
Address Breakdown
Residential
1,505
Single Family
1,505
Multi-Family
0
Businesses
74
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No similar rental properties found nearby.
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Listed by: Dara Simpson • RE/MAX Impact Realty
Mls Name: Triad MLS
Mls ID: #1196526