231 Mustang DrThomasvilleNC27360
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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 Thomasville at 231 Mustang Dr, Thomasville, NC, 27360 listed at $289,900 pairs $2,147/mo rent with a $1,419/mo payment to leave $380/mo cash flow. Total monthly income runs $2,147/mo, and annual cash flow reaches $4,561/yr on $96,102 cash to close. Return on cash invested measures 24.66% in year one, and rental yield registers 8.89% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 128.21% and total cumulative return in cash totals $123,213. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,147/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
0.82 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: Stephanie Ramsey • Sincerely Yours Real Estate
Mls Name: Triad MLS
Mls ID: #1194950