241 Savannah Garden DrCarthageNC28327
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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 Carthage at 241 Savannah Garden Dr, Carthage, NC, 28327 uses $102,765 cash to close to unlock $5,556/yr annual cash flow and $463/mo monthly cash flow. Total monthly income runs $2,352/mo, and a $1,517/mo payment keeps the spread at $463/mo. Purchase price stands at $310,000, and rental yield measures 9.1% with $2,352/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash records $135,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,352/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2017
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
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Listed by: ALEXIS HANSEN • COLDWELL BANKER ADVANTAGE #2- HARNETT CO.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #744503
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