2661 The AveClintonNC28328
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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 Clinton at 2661 The Ave, Clinton, NC, 28328 priced at $225,000 pairs $1,342/mo rent with after a $1,101/mo payment. Total monthly income equals $1,342/mo. Return on cash invested is 19.44% in year one, and rental yield stands at 7.16% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 100.21% and total cumulative return in cash reaches $74,745. For financing, Ziffy Mortgage’s DSCR program evaluates $1,342/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1990
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28328, Clinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,027 (100%) |
| Owner Occupied HU | 6,536 (59.3%) |
| Renter Occupied HU | 3,368 (30.5%) |
| Vacant Housing Units | 1,123 (10.2%) |
| Median Home Value | $186,580 |
| Average Home Value | $239,678 |
Housing Distribution
Address Breakdown
Residential
11,006
Single Family
10,779
Multi-Family
227
Businesses
839
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Listed by: JENNIFER RASMUSSEN • RASMUSSEN REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740739
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.