218 W Main StreetBiscoeNC27209
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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
Investment property for sale in Biscoe at 218 W Main Street, Biscoe, NC, 27209 with 5% annual appreciation on a $249,000 basis while $1,442/mo rent supports operations. 81% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 6.95%. Five-year ROI measures 96.86% and total cumulative return in cash totals $79,952. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,442/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27209, Biscoe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,668 (100%) |
| Owner Occupied HU | 1,017 (61.0%) |
| Renter Occupied HU | 452 (27.1%) |
| Vacant Housing Units | 199 (11.9%) |
| Median Home Value | $197,629 |
| Average Home Value | $235,659 |
Housing Distribution
Address Breakdown
Residential
1,203
Single Family
1,156
Multi-Family
47
Businesses
188
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Listed by: Sandy Stewart • Sandhill Realty
Mls Name: Hive MLS
Mls ID: #100530797