217 Ames Acres DrFairmontNC28340
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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 Fairmont at 217 Ames Acres Dr, Fairmont, NC, 28340 generates $1,794/mo in rent and, after a $960/mo payment, leaves $599/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $7,184/yr on $65,007 invested. Return on cash invested sits at 30.96% in year one, and rental yield is 10.98% on a $196,100 entry. Equity gained on principal adds $1,265/yr, while 5% annual appreciation builds toward $54,179 over five years. Five-year ROI reaches 162.01% and total cumulative return in cash sums $105,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28340, Fairmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,073 (100%) |
| Owner Occupied HU | 2,560 (62.9%) |
| Renter Occupied HU | 1,021 (25.1%) |
| Vacant Housing Units | 492 (12.1%) |
| Median Home Value | $97,103 |
| Average Home Value | $146,345 |
Housing Distribution
Address Breakdown
Residential
3,840
Single Family
3,769
Multi-Family
71
Businesses
261
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Listed by: Sherry Price • RealHome Services and Solutions
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333225