304 S Patterson StMaxtonNC28364
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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 Maxton at 304 S Patterson St, Maxton, NC, 28364 priced at $174,900 pairs $1,567/mo rent with $501/mo cash flow after a $856/mo payment. Total monthly income equals $1,567/mo, and annual cash flow comes to $6,013/yr on $57,979 invested. Return on cash invested is 30.28% in year one, and rental yield stands at 10.75% on a $174,900 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,322 by year five. Five-year ROI measures 158.41% and total cumulative return in cash reaches $91,848. For financing, Ziffy Mortgage’s DSCR program evaluates $1,567/mo property income against a $856/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1932
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28364, Maxton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,130 (100%) |
| Owner Occupied HU | 3,460 (67.4%) |
| Renter Occupied HU | 1,082 (21.1%) |
| Vacant Housing Units | 588 (11.5%) |
| Median Home Value | $84,012 |
| Average Home Value | $108,186 |
Housing Distribution
Address Breakdown
Residential
4,908
Single Family
4,872
Multi-Family
36
Businesses
242
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Listed by: MARITZA MEDINA • EMPIRE REAL ESTATE LLC.
Mls Name: LPRMLS
Mls ID: #755039