218 Joyce StMadisonNC27025
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 Madison at 218 Joyce St, Madison, NC, 27025 priced at $229,000 converts $1,705/mo rent into $309/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,705/mo, and annual cash flow totals $3,710/yr on $75,914 invested. Return on cash invested prints 24.8% in year one, and rental yield reads 8.93% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 128.98% and total cumulative return in cash sums $97,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,705/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27025, Madison, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,249 (100%) |
| Owner Occupied HU | 3,642 (69.4%) |
| Renter Occupied HU | 1,063 (20.3%) |
| Vacant Housing Units | 544 (10.4%) |
| Median Home Value | $191,822 |
| Average Home Value | $234,616 |
Housing Distribution
Address Breakdown
Residential
4,874
Single Family
4,849
Multi-Family
25
Businesses
430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Martin • Century 21 Total Real Estate Solutions, LLC
Mls Name: Triad MLS
Mls ID: #1195087