3050 Old Johns River RoadCollettsvilleNC28611
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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 Collettsville at 3050 Old Johns River Road, Collettsville, NC, 28611 priced at $389,900 pairs $2,106/mo rent with after a $1,908/mo payment. Total monthly income equals $2,106/mo. Return on cash invested is 17.4% in year one, and rental yield stands at 6.48% on a $389,900 basis. Equity gained on principal adds $2,516/yr, and 5% annual appreciation accumulates to $107,722 by year five. Five-year ROI measures 89.31% and total cumulative return in cash reaches $115,441. For financing, Ziffy Mortgage’s DSCR program evaluates $2,106/mo property income against a $1,908/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
7.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28611, Collettsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 631 (100%) |
| Owner Occupied HU | 295 (46.8%) |
| Renter Occupied HU | 64 (10.1%) |
| Vacant Housing Units | 272 (43.1%) |
| Median Home Value | $112,500 |
| Average Home Value | $186,805 |
Housing Distribution
Address Breakdown
Residential
257
Single Family
257
Multi-Family
0
Businesses
33
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Listed by: Jennifer Shattuck • Arrow Realty & Land Development
Mls Name: High Country AOR
Mls Provider:
Mls ID: #257867
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.