2922 Mimosa CtRandlemanNC27317
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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 Randleman at 2922 Mimosa Ct, Randleman, NC, 27317 uses $109,362 cash to close to unlock $4,825/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $2,413/mo, and a $1,615/mo payment keeps the spread at $402/mo. Purchase price stands at $329,900, and rental yield measures 8.78% with $2,413/mo rent. Return on cash invested shows 24.32% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $138,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,413/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2014
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27317, Randleman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,332 (69.4%) |
| Renter Occupied HU | 1,916 (24.9%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $209,336 |
| Average Home Value | $246,020 |
Housing Distribution
Address Breakdown
Residential
7,335
Single Family
7,063
Multi-Family
272
Businesses
530
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Listed by: Nathan D. Hepler • Hepler Realty
Mls Name: Triad MLS
Mls ID: #1187990