238 Deer Path Farms RdErwinNC28339
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
Investment property for sale in Erwin at 238 Deer Path Farms Rd, Erwin, NC, 28339 at $378,000 posts ROI 23.95% with $422/mo cash flow from $2,726/mo rent. Total monthly income equals $2,726/mo, and annual cash flow records $5,069/yr on $125,307 to close. Return on cash invested measures 23.95% and rental yield reads 8.65% at the current $378,000. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,434 by year five. Five-year ROI prints 124.41% and total cumulative return in cash totals $155,901.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,726/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
2.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
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Nearby investment properties with comparable prices
Listed by: Vanecia Lee • eXp Realty, LLC - C
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10126281
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.