211 Culp RdRichfieldNC28137
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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 Richfield at 211 Culp Rd, Richfield, NC, 28137 uses $61,162 cash to close to unlock $955/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,204/mo, and a $903/mo payment keeps the spread at $80/mo. Purchase price stands at $184,500, and rental yield measures 7.83% with $1,204/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 111.13% and total cumulative return in cash records $67,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,204/mo property income covering a $903/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28137, Richfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,480 (100%) |
| Owner Occupied HU | 1,034 (69.9%) |
| Renter Occupied HU | 228 (15.4%) |
| Vacant Housing Units | 218 (14.7%) |
| Median Home Value | $268,820 |
| Average Home Value | $315,273 |
Housing Distribution
Address Breakdown
Residential
1,243
Single Family
1,243
Multi-Family
0
Businesses
110
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Listed by: Cathy Hager • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324949