216 S Faison AveFaisonNC28341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Faison at 216 S Faison Ave, Faison, NC, 28341 priced at $195,000 pairs $1,253/mo rent with $65/mo cash flow after a $954/mo payment. Total monthly income equals $1,253/mo, and annual cash flow comes to $780/yr on $64,643 invested. Return on cash invested is 21.12% in year one, and rental yield stands at 7.71% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 109.17% and total cumulative return in cash reaches $70,570. For financing, Ziffy Mortgage’s DSCR program evaluates $1,253/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28341, Faison, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,705 (100%) |
| Owner Occupied HU | 965 (56.6%) |
| Renter Occupied HU | 411 (24.1%) |
| Vacant Housing Units | 329 (19.3%) |
| Median Home Value | $166,023 |
| Average Home Value | $191,585 |
Housing Distribution
Address Breakdown
Residential
1,404
Single Family
1,378
Multi-Family
26
Businesses
83
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derek Wyatt • HTR Southern Properties
Mls Name: Doorify MLS
Mls ID: #10108576