294 Elijah WayVassNC28394
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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 Vass at 294 Elijah Way, Vass, NC, 28394 priced at $473,600 converts $2,640/mo rent into after a $2,318/mo obligation. Total monthly income equals $2,640/mo. Return on cash invested prints 18.03% in year one, and rental yield reads 6.69% against a $473,600 entry. Equity gained on principal adds $3,056/yr, while 5% annual appreciation compiles into $130,847 by year five. Five-year ROI reaches 92.61% and total cumulative return in cash sums $145,403. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $2,318/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.28 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: #753767