2208 Ermine StRandlemanNC27317
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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 Randleman at 2208 Ermine St, Randleman, NC, 27317 earns $268/mo cash flow from $1,176/mo rent with a $729/mo payment. Total monthly income totals $1,176/mo, and annual cash flow totals $3,218/yr on $49,394 capital. ROI tracks 26.42% on current figures, and rental yield reads 9.47% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 137.73% and total cumulative return in cash sums $68,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,176/mo property income instead of your personal income.
Single Family
Built in 1940
2.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27317, Randleman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,332 (69.4%) |
| Renter Occupied HU | 1,916 (24.9%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $209,336 |
| Average Home Value | $246,020 |
Housing Distribution
Address Breakdown
Residential
7,335
Single Family
7,063
Multi-Family
272
Businesses
530
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Listed by: Kara Farrar • TKB Realty Group LLC
Mls Name: Triad MLS
Mls ID: #1204166