247 Meadow DrRich SquareNC27869
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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
Rental property for sale in Rich Square at 247 Meadow Dr, Rich Square, NC, 27869 generates $1,046/mo in rent and, after a $656/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,046/mo, and annual cash flow is $2,750/yr on $44,421 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.37% on a $134,000 entry. Equity gained on principal adds $865/yr, while 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 136.04% and total cumulative return in cash sums $60,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,046/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27869, Rich Square, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,029 (100%) |
| Owner Occupied HU | 520 (50.5%) |
| Renter Occupied HU | 215 (20.9%) |
| Vacant Housing Units | 294 (28.6%) |
| Median Home Value | $112,222 |
| Average Home Value | $128,313 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
577
Multi-Family
0
Businesses
54
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Listed by: Michelle Garriss • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140221