302 Tar River AveLouisburgNC27549
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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 Louisburg at 302 Tar River Ave, Louisburg, NC, 27549 with 5% annual appreciation on a $215,000 basis while $1,434/mo rent supports operations. Total monthly income totals $1,434/mo and a $1,052/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,488/yr on $71,273 deployed, and return on cash invested reaches 22% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 8%. Five-year ROI measures 113.9% and total cumulative return in cash totals $81,181.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,434/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27549, Louisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,073 (100%) |
| Owner Occupied HU | 7,614 (63.1%) |
| Renter Occupied HU | 2,541 (21.0%) |
| Vacant Housing Units | 1,918 (15.9%) |
| Median Home Value | $279,790 |
| Average Home Value | $304,022 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
8,680
Multi-Family
1,818
Businesses
646
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Listed by: Naomi Richardson • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10113017
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.