216 Slate DrGibsonvilleNC27249
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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 Gibsonville at 216 Slate Dr, Gibsonville, NC, 27249 offers $2,222/mo rent that, after a $1,591/mo payment, leaves $241/mo cash flow. Total monthly income is $2,222/mo, and annual cash flow is $2,892/yr on $107,738 cash. Return on cash invested measures 22.59% in year one, and rental yield stands at 8.2% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 117.11% and total cumulative return in cash reaches $126,169. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,222/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2006
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27249, Gibsonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,169 (100%) |
| Owner Occupied HU | 4,659 (75.5%) |
| Renter Occupied HU | 1,163 (18.9%) |
| Vacant Housing Units | 347 ( 5.6%) |
| Median Home Value | $301,072 |
| Average Home Value | $313,310 |
Housing Distribution
Address Breakdown
Residential
5,931
Single Family
5,931
Multi-Family
0
Businesses
239
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Listed by: Faith Grant • Allen Tate - Burlington
Mls Name: Triad MLS
Mls ID: #1194917