217 Hanging Rock RoadGlenvilleNC28736
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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 Glenville at 217 Hanging Rock Road, Glenville, NC, 28736 generates $2,820/mo in rent, after a $2,868/mo payment. Total monthly income is $2,820/mo. Return on cash invested sits at 15.38% in year one, and rental yield is 5.78% on a $585,900 entry. Equity gained on principal adds $3,781/yr, while 5% annual appreciation builds toward $161,873 over five years. Five-year ROI reaches 78.42% and total cumulative return in cash sums $151,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,820/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28736, Glenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 355 (29.0%) |
| Renter Occupied HU | 100 ( 8.2%) |
| Vacant Housing Units | 768 (62.8%) |
| Median Home Value | $439,063 |
| Average Home Value | $540,718 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
52
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Listed by: Bambi Famous Kaine • Silver Creek Real Estate Group, Inc.
Mls Name: HCMLS
Mls ID: #1001839