270 Plain View DrEllenboroNC28040
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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 Ellenboro at 270 Plain View Dr, Ellenboro, NC, 28040 generates $1,740/mo in rent and, after a $1,072/mo payment, leaves $405/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $4,862/yr on $72,599 invested. Return on cash invested sits at 26.61% in year one, and rental yield is 9.53% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 138.69% and total cumulative return in cash sums $100,689. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28040, Ellenboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,283 (64.1%) |
| Renter Occupied HU | 792 (22.3%) |
| Vacant Housing Units | 484 (13.6%) |
| Median Home Value | $198,300 |
| Average Home Value | $258,437 |
Housing Distribution
Address Breakdown
Residential
2,977
Single Family
2,977
Multi-Family
0
Businesses
95
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Listed by: Andrea Ochoa • Collective Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326433