302 Williams StMount GileadNC27306
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mount Gilead at 302 Williams St, Mount Gilead, NC, 27306 offers $1,411/mo rent that, after a $1,052/mo payment, leaves $101/mo cash flow. Total monthly income is $1,411/mo, and annual cash flow is $1,212/yr on $71,273 cash. Return on cash invested measures 21.61% in year one, and rental yield stands at 7.88% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 111.8% and total cumulative return in cash reaches $79,681. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,411/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
3.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27306, Mount Gilead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,183 (100%) |
| Owner Occupied HU | 1,860 (44.5%) |
| Renter Occupied HU | 532 (12.7%) |
| Vacant Housing Units | 1,791 (42.8%) |
| Median Home Value | $218,675 |
| Average Home Value | $354,570 |
Housing Distribution
Address Breakdown
Residential
2,837
Single Family
2,837
Multi-Family
0
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kirk Schofield • Magnolia Dream Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284813