201 Old Glendon RdCarthageNC28327
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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 Carthage at 201 Old Glendon Rd, Carthage, NC, 28327 priced at $149,900 converts $1,651/mo rent into $737/mo cash flow after a $734/mo obligation. Total monthly income equals $1,651/mo, and annual cash flow totals $8,845/yr on $49,692 invested. Return on cash invested prints 37.71% in year one, and rental yield reads 13.22% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 198.28% and total cumulative return in cash sums $98,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,651/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
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Listed by: Morgan Howes • Allen Tate / Durham
Mls Name: Doorify MLS
Mls ID: #10126429