215 Edgewater DrBroadwayNC27505
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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 Broadway at 215 Edgewater Dr, Broadway, NC, 27505 with 5% annual appreciation on a $269,900 basis while $1,861/mo rent supports operations. Total monthly income totals $1,861/mo and a $1,321/mo payment preserves $216/mo for cash returns. Annual cash flow comes to $2,593/yr on $89,472 deployed, and return on cash invested reaches 22.81% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 8.27%. Five-year ROI measures 118.31% and total cumulative return in cash totals $105,858.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,861/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27505, Broadway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 2,188 (70.6%) |
| Renter Occupied HU | 686 (22.1%) |
| Vacant Housing Units | 227 ( 7.3%) |
| Median Home Value | $275,114 |
| Average Home Value | $275,680 |
Housing Distribution
Address Breakdown
Residential
2,804
Single Family
2,804
Multi-Family
0
Businesses
95
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Listed by: Jacqueline Shaffer • Offerpad Brokerage LLC
Mls Name: Doorify MLS
Mls ID: #10138545