225 Bond StEnfieldNC27823
Nearby investment properties with comparable rents
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
Rental property for sale in Enfield at 225 Bond St, Enfield, NC, 27823 priced at $199,000 converts $1,045/mo rent into after a $974/mo obligation. Total monthly income equals $1,045/mo. Return on cash invested prints 16.86% in year one, and rental yield reads 6.3% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 86.41% and total cumulative return in cash sums $57,006. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,045/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1939
0.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ann Newbern • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139053
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.