238 Simpson LnPelhamNC27311
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 Pelham at 238 Simpson Ln, Pelham, NC, 27311 earns $227/mo cash flow from $2,451/mo rent with a $1,786/mo payment. Total monthly income totals $2,451/mo, and annual cash flow totals $2,725/yr on $120,964 capital. ROI tracks 22.16% on current figures, and rental yield reads 8.06% at a $364,900 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,815 over five years. Five-year ROI reaches 114.84% and total cumulative return in cash sums $138,912. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,451/mo property income instead of your personal income.
Single Family
Built in 2001
9.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27311, Pelham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 1,161 (67.0%) |
| Renter Occupied HU | 344 (19.9%) |
| Vacant Housing Units | 227 (13.1%) |
| Median Home Value | $157,488 |
| Average Home Value | $194,356 |
Housing Distribution
Address Breakdown
Residential
1,573
Single Family
1,573
Multi-Family
0
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jimmy Cole • HAUSER REALTY GROUP
Mls Name: Dan River Region AOR
Mls Provider:
Mls ID: #73815
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.