30 2nd StCramertonNC28032
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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 Cramerton at 30 2nd St, Cramerton, NC, 28032 generates $1,922/mo in rent and, after a $1,150/mo payment, leaves $490/mo in cash flow. Total monthly income is $1,922/mo, and annual cash flow is $5,880/yr on $77,903 invested. Return on cash invested sits at 27.46% in year one, and rental yield is 9.81% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 143.18% and total cumulative return in cash sums $111,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,922/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28032, Cramerton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,687 (100%) |
| Owner Occupied HU | 1,102 (65.3%) |
| Renter Occupied HU | 462 (27.4%) |
| Vacant Housing Units | 123 ( 7.3%) |
| Median Home Value | $360,308 |
| Average Home Value | $425,286 |
Housing Distribution
Address Breakdown
Residential
1,612
Single Family
1,572
Multi-Family
40
Businesses
127
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Listed by: Craig LePage • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328129