212 Garriss StConwayNC27820
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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 Conway at 212 Garriss St, Conway, NC, 27820 generates $1,107/mo in rent and, after a $680/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,107/mo, and annual cash flow is $3,122/yr on $46,079 invested. Return on cash invested sits at 26.69% in year one, and rental yield is 9.56% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 139.14% and total cumulative return in cash sums $64,112. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,107/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.34 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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Nearby investment properties with comparable prices
Listed by: Ann Bennett • Hill Realty Company
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138332
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.