25 2nd StCramertonNC28032
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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 Cramerton at 25 2nd St, Cramerton, NC, 28032 priced at $299,000 converts $2,221/mo rent into $399/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,221/mo, and annual cash flow totals $4,790/yr on $99,119 invested. Return on cash invested prints 24.74% in year one, and rental yield reads 8.91% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 128.67% and total cumulative return in cash sums $127,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,221/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28032, Cramerton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,687 (100%) |
| Owner Occupied HU | 1,102 (65.3%) |
| Renter Occupied HU | 462 (27.4%) |
| Vacant Housing Units | 123 ( 7.3%) |
| Median Home Value | $360,308 |
| Average Home Value | $425,286 |
Housing Distribution
Address Breakdown
Residential
1,612
Single Family
1,572
Multi-Family
40
Businesses
127
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Listed by: Jonathan Mallett • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327539