2541 Penngate DrSherrills FordNC28673
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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 Sherrills Ford at 2541 Penngate Dr, Sherrills Ford, NC, 28673 generates $3,965/mo in rent, after a $3,964/mo payment. Total monthly income is $3,965/mo. Return on cash invested sits at 15.69% in year one, and rental yield is 5.87% on a $809,900 entry. Equity gained on principal adds $5,226/yr, while 5% annual appreciation builds toward $223,760 over five years. Five-year ROI reaches 80.06% and total cumulative return in cash sums $213,320. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,965/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28673, Sherrills Ford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,481 (100%) |
| Owner Occupied HU | 2,923 (65.2%) |
| Renter Occupied HU | 709 (15.8%) |
| Vacant Housing Units | 849 (18.9%) |
| Median Home Value | $465,312 |
| Average Home Value | $584,625 |
Housing Distribution
Address Breakdown
Residential
3,780
Single Family
3,780
Multi-Family
0
Businesses
172
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Listed by: Brian Belcher • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4267338