2216 Elrod RdMaxtonNC28364
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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 Maxton at 2216 Elrod Rd, Maxton, NC, 28364 offers $1,165/mo rent that, after a $734/mo payment, leaves $251/mo cash flow. Total monthly income is $1,165/mo, and annual cash flow is $3,012/yr on $49,725 cash. Return on cash invested measures 25.97% in year one, and rental yield stands at 9.32% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 135.2% and total cumulative return in cash reaches $67,230. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,165/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28364, Maxton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,130 (100%) |
| Owner Occupied HU | 3,460 (67.4%) |
| Renter Occupied HU | 1,082 (21.1%) |
| Vacant Housing Units | 588 (11.5%) |
| Median Home Value | $84,012 |
| Average Home Value | $108,186 |
Housing Distribution
Address Breakdown
Residential
4,908
Single Family
4,872
Multi-Family
36
Businesses
242
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Listed by: ANDREW PIERCE • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #738211
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.