2820 Mulberry Lane #AGreenvilleNC27858
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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
Investment property for sale in Greenville at 2820 Mulberry Lane #A, Greenville, NC, 27858 offers a 9.51% rental yield on a $163,000 purchase with $1,292/mo rent. Total monthly income registers $1,292/mo, and a $798/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,581/yr on $54,035 to close, and return on cash invested stands at 26.54% in year one. Equity gained on principal adds $1,052/yr while 5% annual appreciation supports $45,034 over five years. Portfolio math shows five-year ROI at 138.3% and total cumulative return in cash at $74,731. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,292/mo property income against a $798/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27858, Greenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,836 (100%) |
| Owner Occupied HU | 11,801 (40.9%) |
| Renter Occupied HU | 11,729 (40.7%) |
| Vacant Housing Units | 5,306 (18.4%) |
| Median Home Value | $302,085 |
| Average Home Value | $328,010 |
Housing Distribution
Address Breakdown
Residential
25,796
Single Family
21,115
Multi-Family
4,681
Businesses
1,678
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Listed by: KATHRYN GLENN • Keller Williams Realty
Mls Name: Hive MLS
Mls ID: #100547696