283 Maple StRutherfordtonNC28139
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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 Rutherfordton at 283 Maple St, Rutherfordton, NC, 28139 priced at $330,000 converts $2,221/mo rent into $210/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,221/mo, and annual cash flow totals $2,520/yr on $109,395 invested. Return on cash invested prints 22.21% in year one, and rental yield reads 8.08% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 115.06% and total cumulative return in cash sums $125,867. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,221/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
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Listed by: Mark White • Mark White & Associates
Mls Name: Greater Greenville AOR
Mls ID: #1570440