2296 Hwy 220 NorthEllerbeNC28338
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2296 Hwy 220 North, Ellerbe, NC, 28338 in Ellerbe is a top-tier cash-flow asset. At $125,000 it produces $1,712/mo in rent and $951/mo in net monthly income, a 16.44% gross rental yield. The DSCR of 3.05 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $11,407. Five-year appreciation adds $34,535, driving a total cumulative return of $108,499.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 16.4% | 6.2% |
| Monthly Cash Flow | $951 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,712 |
| Total Monthly Debt Service | $712 |
| DSCR Ratio | 2.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28338, Ellerbe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,271 (63.7%) |
| Renter Occupied HU | 438 (22.0%) |
| Vacant Housing Units | 286 (14.3%) |
| Median Home Value | $215,594 |
| Average Home Value | $339,689 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,443
Multi-Family
0
Businesses
93
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
Single Family
Built in 1974
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28338, Ellerbe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,271 (63.7%) |
| Renter Occupied HU | 438 (22.0%) |
| Vacant Housing Units | 286 (14.3%) |
| Median Home Value | $215,594 |
| Average Home Value | $339,689 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,443
Multi-Family
0
Businesses
93
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices