302 N 13th StErwinNC28339
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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 Erwin at 302 N 13th St, Erwin, NC, 28339 generates $1,507/mo in rent and, after a $930/mo payment, leaves $349/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $4,188/yr on $62,985 invested. Return on cash invested sits at 26.56% in year one, and rental yield is 9.52% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 138.36% and total cumulative return in cash sums $87,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Single Family
Built in 1903
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
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Listed by: Heather Alford • KW Wilson
Mls Name: Doorify MLS
Mls ID: #10116270