260 Ellis RdMoncureNC27559
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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 Moncure at 260 Ellis Rd, Moncure, NC, 27559 generates $1,478/mo in rent, after a $2,540/mo payment. Total monthly income is $1,478/mo. Return on cash invested sits at 8.22% in year one, and rental yield is 3.42% on a $519,000 entry. Equity gained on principal adds $3,349/yr, while 5% annual appreciation builds toward $143,390 over five years. Five-year ROI reaches 40.02% and total cumulative return in cash sums $68,337. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,478/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27559, Moncure, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,101 (100%) |
| Owner Occupied HU | 829 (75.3%) |
| Renter Occupied HU | 163 (14.8%) |
| Vacant Housing Units | 109 ( 9.9%) |
| Median Home Value | $401,773 |
| Average Home Value | $440,181 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
1,001
Multi-Family
0
Businesses
81
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Listed by: Tokiya Ball • Redfin Corporation
Mls Name: Doorify MLS
Mls ID: #10129723