214 Turner RdCasarNC28020
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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 Casar at 214 Turner Rd, Casar, NC, 28020 priced at $131,999 converts $1,024/mo rent into $220/mo cash flow after a $646/mo obligation. Total monthly income equals $1,024/mo, and annual cash flow totals $2,635/yr on $43,758 invested. Return on cash invested prints 25.93% in year one, and rental yield reads 9.31% against a $131,999 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation compiles into $36,469 by year five. Five-year ROI reaches 135.05% and total cumulative return in cash sums $59,094. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,024/mo property income covering a $646/mo payment, not borrower’s personal income.
Single Family
Built in 1956
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28020, Casar, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 859 (70.8%) |
| Renter Occupied HU | 181 (14.9%) |
| Vacant Housing Units | 173 (14.3%) |
| Median Home Value | $252,220 |
| Average Home Value | $302,666 |
Housing Distribution
Address Breakdown
Residential
1,058
Single Family
1,058
Multi-Family
0
Businesses
43
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