3050 Hwy 107 Lot BGlenvilleNC28736
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 Glenville at 3050 Hwy 107 Lot B, Glenville, NC, 28736 earns $218/mo cash flow from $1,833/mo rent with a $1,297/mo payment. Total monthly income totals $1,833/mo, and annual cash flow totals $2,616/yr on $87,848 capital. ROI tracks 22.89% on current figures, and rental yield reads 8.3% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 118.67% and total cumulative return in cash sums $104,247. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,833/mo property income instead of your personal income.
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28736, Glenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 355 (29.0%) |
| Renter Occupied HU | 100 ( 8.2%) |
| Vacant Housing Units | 768 (62.8%) |
| Median Home Value | $439,063 |
| Average Home Value | $540,718 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle McKim • Weichert Realtors Highland Properties
Mls Name: HCMLS
Mls ID: #1002052