215 River RoadArapahoeNC28510
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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
Total monthly income runs $2,760/mo, and a $3,353/mo payment. Purchase price stands at $685,000, and rental yield measures 4.84% with $2,760/mo rent. Return on cash invested shows 12.53% in year one, and 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 63.09% and total cumulative return in cash records $142,174. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $3,353/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28510, Arapahoe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,002 (100%) |
| Owner Occupied HU | 612 (61.1%) |
| Renter Occupied HU | 110 (11.0%) |
| Vacant Housing Units | 280 (27.9%) |
| Median Home Value | $341,573 |
| Average Home Value | $361,172 |
Housing Distribution
Address Breakdown
Residential
869
Single Family
869
Multi-Family
0
Businesses
33
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Listed by: Jesse Lancaster • Wilkins & Lancaster Realty, LLC
Mls Name: Hive MLS
Mls ID: #100529481