208 W Thompson StFairmontNC28340
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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 Fairmont at 208 W Thompson St, Fairmont, NC, 28340 listed at $230,000 pairs $1,928/mo rent with a $1,126/mo payment to leave $526/mo cash flow. Total monthly income runs $1,928/mo, and annual cash flow reaches $6,312/yr on $76,245 cash to close. Return on cash invested measures 28.19% in year one, and rental yield registers 10.06% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 147.09% and total cumulative return in cash totals $112,147. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,928/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28340, Fairmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,073 (100%) |
| Owner Occupied HU | 2,560 (62.9%) |
| Renter Occupied HU | 1,021 (25.1%) |
| Vacant Housing Units | 492 (12.1%) |
| Median Home Value | $97,103 |
| Average Home Value | $146,345 |
Housing Distribution
Address Breakdown
Residential
3,840
Single Family
3,769
Multi-Family
71
Businesses
261
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Listed by: MAURICE TOWNSEND • THE HOUSING MENTORS
Mls Name: LPRMLS
Mls ID: #755184