22174 Highway 48EnfieldNC27823
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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 Enfield at 22174 Highway 48, Enfield, NC, 27823 uses $36,465 cash to close to unlock $4,068/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,019/mo, and a $538/mo payment keeps the spread at $339/mo. Purchase price stands at $110,000, and rental yield measures 11.12% with $1,019/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 162.83% and total cumulative return in cash records $59,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,019/mo property income covering a $538/mo payment rather than investor’s personal income.
Multi Family
Built in 1955
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27823, Enfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 1,698 (50.4%) |
| Renter Occupied HU | 923 (27.4%) |
| Vacant Housing Units | 749 (22.2%) |
| Median Home Value | $95,455 |
| Average Home Value | $151,708 |
Housing Distribution
Address Breakdown
Residential
2,851
Single Family
2,826
Multi-Family
25
Businesses
177
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Listed by: Kia Settles • eXp Realty, LLC-(NN)
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140035
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.