224 Lake Dr EThomasvilleNC27360
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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
Total monthly income runs $1,907/mo, and a $1,835/mo payment. Purchase price stands at $375,000, and rental yield measures 6.1% with $1,907/mo rent. Return on cash invested shows 16.26% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 83.13% and total cumulative return in cash records $103,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,907/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1969
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27360, Thomasville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,717 (100%) |
| Owner Occupied HU | 13,122 (63.3%) |
| Renter Occupied HU | 6,131 (29.6%) |
| Vacant Housing Units | 1,464 ( 7.1%) |
| Median Home Value | $224,747 |
| Average Home Value | $265,283 |
Housing Distribution
Address Breakdown
Residential
20,241
Single Family
20,013
Multi-Family
228
Businesses
1,293
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Listed by: Misti White • Hepler Realty
Mls Name: Triad MLS
Mls ID: #1204929