302 Ridge St,Asheboro,NC,27205

Investment Highlights

Investment property for sale in Asheboro at 302 Ridge St, Asheboro, NC, 27205 offers a 7.64% rental yield on a $295,000 purchase with $1,877/mo rent. Total monthly income registers $1,877/mo, and a $1,444/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $948/yr on $97,793 to close, and return on cash invested stands at 20.88% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 107.91% and total cumulative return in cash at $105,530. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,877/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.