2395 Cornwallis RdGarysburgNC27831
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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 Garysburg at 2395 Cornwallis Rd, Garysburg, NC, 27831 uses $76,212 cash to close to unlock $1,969/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,565/mo, and a $1,125/mo payment keeps the spread at $164/mo. Purchase price stands at $229,900, and rental yield measures 8.17% with $1,565/mo rent. Return on cash invested shows 22.49% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 116.63% and total cumulative return in cash records $88,883. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,565/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 2005
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27831, Garysburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,724 (100%) |
| Owner Occupied HU | 896 (52.0%) |
| Renter Occupied HU | 443 (25.7%) |
| Vacant Housing Units | 385 (22.3%) |
| Median Home Value | $88,108 |
| Average Home Value | $139,821 |
Housing Distribution
Address Breakdown
Residential
866
Single Family
866
Multi-Family
0
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Betty Harris • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139799