206 Spencer StRandlemanNC27317
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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 Randleman at 206 Spencer St, Randleman, NC, 27317 with 5% annual appreciation on a $209,900 basis while $1,379/mo rent supports operations. Total monthly income totals $1,379/mo and a $1,027/mo payment preserves $100/mo for cash returns. Annual cash flow comes to $1,201/yr on $69,582 deployed, and return on cash invested reaches 21.64% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 7.88%. Five-year ROI measures 112.02% and total cumulative return in cash totals $77,948.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,379/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27317, Randleman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,332 (69.4%) |
| Renter Occupied HU | 1,916 (24.9%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $209,336 |
| Average Home Value | $246,020 |
Housing Distribution
Address Breakdown
Residential
7,335
Single Family
7,063
Multi-Family
272
Businesses
530
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Listed by: Tyler McLeod • Villamar Real Estate & Investments
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11840703
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.