2177 Homestead RoadToddNC28684
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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 Todd at 2177 Homestead Road, Todd, NC, 28684 generates $3,422/mo in rent, after a $4,874/mo payment. Total monthly income is $3,422/mo. Return on cash invested sits at 10.37% in year one, and rental yield is 4.12% on a $995,900 entry. Equity gained on principal adds $6,426/yr, while 5% annual appreciation builds toward $275,149 over five years. Five-year ROI reaches 51.5% and total cumulative return in cash sums $168,744. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,422/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28684, Todd, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,571 (100%) |
| Owner Occupied HU | 701 (44.6%) |
| Renter Occupied HU | 138 ( 8.8%) |
| Vacant Housing Units | 732 (46.6%) |
| Median Home Value | $346,382 |
| Average Home Value | $436,238 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,026
Multi-Family
0
Businesses
27
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Listed by: Tara Phipps • A-1 Mountain Realty
Mls Name: High Country AOR
Mls ID: #257787