2900 Tower RdMargarettsvlNC27853
Nearby investment properties with comparable rents
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 Margarettsvl at 2900 Tower Rd, Margarettsvl, NC, 27853 at $199,000 posts ROI 32.56% with $695/mo cash flow from $1,908/mo rent. Total monthly income equals $1,908/mo, and annual cash flow records $8,342/yr on $65,969 to close. Return on cash invested measures 32.56% and rental yield reads 11.51% at the current $199,000. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 by year five. Five-year ROI prints 170.58% and total cumulative return in cash totals $112,530.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,908/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1928
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27853, Margarettsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 217 (100%) |
| Owner Occupied HU | 144 (66.4%) |
| Renter Occupied HU | 38 (17.5%) |
| Vacant Housing Units | 35 (16.1%) |
| Median Home Value | $126,042 |
| Average Home Value | $212,083 |
Housing Distribution
Address Breakdown
Residential
231
Single Family
231
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill Miles • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138301
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.