222 McDaniel StForest CityNC28043
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Nearby investment properties with comparable prices
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 Forest City at 222 McDaniel St, Forest City, NC, 28043 with 5% annual appreciation on a $125,000 basis while $979/mo rent supports operations. Total monthly income totals $979/mo and a $612/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,604/yr on $41,438 deployed, and return on cash invested reaches 26.19% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.4%. Five-year ROI measures 136.38% and total cumulative return in cash totals $56,513.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $979/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.16 Acres lot
$N/A/sqft
No 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: Melvin Digh • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337350