201 McLeod AveBroadwayNC27505
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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 Broadway at 201 McLeod Ave, Broadway, NC, 27505 uses $95,804 cash to close to unlock $9,194/yr annual cash flow and $766/mo monthly cash flow. Total monthly income runs $2,528/mo, and a $1,415/mo payment keeps the spread at $766/mo. Purchase price stands at $289,000, and rental yield measures 10.5% with $2,528/mo rent. Return on cash invested shows 29.51% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 154.22% and total cumulative return in cash records $147,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,528/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27505, Broadway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 2,188 (70.6%) |
| Renter Occupied HU | 686 (22.1%) |
| Vacant Housing Units | 227 ( 7.3%) |
| Median Home Value | $275,114 |
| Average Home Value | $275,680 |
Housing Distribution
Address Breakdown
Residential
2,804
Single Family
2,804
Multi-Family
0
Businesses
95
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Listed by: Ragan Armstrong • PEAK REALTY GROUP NC LLC
Mls Name: Doorify MLS
Mls ID: #10139387