275 Elijah WayVassNC28394
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Nearby investment properties with comparable prices
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
Investment property for sale in Vass at 275 Elijah Way, Vass, NC, 28394 offers a 7.38% rental yield on a $429,410 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $2,102/mo payment leaves $23/mo available for distribution. Annual cash flow reaches $272/yr on $142,349 to close, and return on cash invested stands at 20.1% in year one. Equity gained on principal adds $2,771/yr while 5% annual appreciation supports $118,638 over five years. Portfolio math shows five-year ROI at 103.74% and total cumulative return in cash at $147,669. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $2,102/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28394, Vass, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,826 (100%) |
| Owner Occupied HU | 1,900 (67.2%) |
| Renter Occupied HU | 616 (21.8%) |
| Vacant Housing Units | 310 (11.0%) |
| Median Home Value | $346,532 |
| Average Home Value | $432,871 |
Housing Distribution
Address Breakdown
Residential
2,565
Single Family
2,565
Multi-Family
0
Businesses
155
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Listed by: SCOTT LINCICOME • BH&G REAL ESTATE - LIFESTYLE PROPERTY PARTNERS
Mls Name: LPRMLS
Mls ID: #753771