240 Upper Ridge RoadGlenvilleNC28736
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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
Rental property for sale in Glenville at 240 Upper Ridge Road, Glenville, NC, 28736 priced at $1,395,000 pairs $5,131/mo rent with after a $6,828/mo payment. Total monthly income equals $5,131/mo. Return on cash invested is 11.09% in year one, and rental yield stands at 4.41% on a $1,395,000 basis. Equity gained on principal adds $9,002/yr, and 5% annual appreciation accumulates to $385,413 by year five. Five-year ROI measures 55.43% and total cumulative return in cash reaches $250,534. For financing, Ziffy Mortgage’s DSCR program evaluates $5,131/mo property income against a $6,828/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
3.96 Acres lot
$N/A/sqft
$1,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28736, Glenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 355 (29.0%) |
| Renter Occupied HU | 100 ( 8.2%) |
| Vacant Housing Units | 768 (62.8%) |
| Median Home Value | $439,063 |
| Average Home Value | $540,718 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
52
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Nearby investment properties with comparable prices
Listed by: Louise Booth • Berkshire Hathaway HomeServices Meadows Mountain Realty - CA
Mls Name: HCMLS
Mls ID: #1001285
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.