220 Reid StForest CityNC28043
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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 Forest City at 220 Reid St, Forest City, NC, 28043 priced at $339,900 pairs $2,112/mo rent with after a $1,664/mo payment. Total monthly income equals $2,112/mo. Return on cash invested is 19.16% in year one, and rental yield stands at 7.46% on a $339,900 basis. Equity gained on principal adds $2,193/yr, and 5% annual appreciation accumulates to $93,908 by year five. Five-year ROI measures 99.19% and total cumulative return in cash reaches $111,767. For financing, Ziffy Mortgage’s DSCR program evaluates $2,112/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
$110 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Listed by: N/A • N/A
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