303 Denim DrErwinNC28339
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
Investment property for sale in Erwin at 303 Denim Dr, Erwin, NC, 28339 uses $85,859 cash to close to unlock $3,662/yr annual cash flow and $305/mo monthly cash flow. Total monthly income runs $1,884/mo, and a $1,268/mo payment keeps the spread at $305/mo. Purchase price stands at $259,000, and rental yield measures 8.73% with $1,884/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 125.64% and total cumulative return in cash records $107,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,884/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1905
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GAIL ADAMS • RE/MAX SIGNATURE REALTY
Mls Name: LPRMLS
Mls ID: #751808