305 Central AvenueBlack CreekNC27813
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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 Black Creek at 305 Central Avenue, Black Creek, NC, 27813 offers a 9.94% rental yield on a $159,900 purchase with $1,325/mo rent. Total monthly income registers $1,325/mo, and a $783/mo payment leaves $350/mo available for distribution. Annual cash flow reaches $4,201/yr on $53,007 to close, and return on cash invested stands at 27.84% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 145.28% and total cumulative return in cash at $77,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,325/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27813, Black Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 138 (66.7%) |
| Renter Occupied HU | 46 (22.2%) |
| Vacant Housing Units | 23 (11.1%) |
| Median Home Value | $155,263 |
| Average Home Value | $262,246 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
26
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Listed by: Chris Lewis • Chesson Realty
Mls Name: Hive MLS
Mls ID: #100542820