24 Gerrad St #8FranklintonNC27525
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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 Franklinton at 24 Gerrad St #8, Franklinton, NC, 27525 earns $346/mo cash flow from $2,640/mo rent with a $1,818/mo payment. Total monthly income totals $2,640/mo, and annual cash flow totals $4,157/yr on $123,151 capital. ROI tracks 23.28% on current figures, and rental yield reads 8.53% at a $371,495 purchase. Equity gained on principal adds $2,397/yr, and 5% annual appreciation supports $102,637 over five years. Five-year ROI reaches 120.93% and total cumulative return in cash sums $148,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
$357 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27525, Franklinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,436 (100%) |
| Owner Occupied HU | 6,513 (77.2%) |
| Renter Occupied HU | 1,460 (17.3%) |
| Vacant Housing Units | 463 ( 5.5%) |
| Median Home Value | $299,711 |
| Average Home Value | $319,419 |
Housing Distribution
Address Breakdown
Residential
7,989
Single Family
7,893
Multi-Family
96
Businesses
271
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Listed by: Susan Muiznieks • DRB Group North Carolina LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10138614
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2026 Doorify MLS of North Carolina. All rights reserved.