203 Garriss StreetConwayNC27820
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
Investment property for sale in Conway at 203 Garriss Street, Conway, NC, 27820 with 5% annual appreciation on a $229,900 basis while $1,986/mo rent supports operations. Total monthly income totals $1,986/mo and a $1,125/mo payment preserves $585/mo for cash returns. Annual cash flow comes to $7,021/yr on $76,212 deployed, and return on cash invested reaches 29.12% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,517 alongside rental yield of 10.37%. Five-year ROI measures 152.18% and total cumulative return in cash totals $115,979.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,986/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2012
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27820, Conway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 851 (60.7%) |
| Renter Occupied HU | 311 (22.2%) |
| Vacant Housing Units | 239 (17.1%) |
| Median Home Value | $189,038 |
| Average Home Value | $247,656 |
Housing Distribution
Address Breakdown
Residential
952
Single Family
952
Multi-Family
0
Businesses
50
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Listed by: Clay Revelle • Century 21 Land and Home Realty, LLC
Mls Name: Hive MLS
Mls ID: #100543402