307 E Mill StRowlandNC28383
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
Rental property for sale in Rowland at 307 E Mill St, Rowland, NC, 28383 priced at $250,100 converts $1,999/mo rent into $357/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,999/mo, and annual cash flow totals $4,278/yr on $82,908 invested. Return on cash invested prints 25.07% in year one, and rental yield reads 9.59% against a $250,100 entry. Equity gained on principal adds $1,614/yr, while 5% annual appreciation compiles into $69,098 by year five. Five-year ROI reaches 131.02% and total cumulative return in cash sums $108,629. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,999/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28383, Rowland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,945 (100%) |
| Owner Occupied HU | 2,060 (69.9%) |
| Renter Occupied HU | 589 (20.0%) |
| Vacant Housing Units | 296 (10.1%) |
| Median Home Value | $89,344 |
| Average Home Value | $137,808 |
Housing Distribution
Address Breakdown
Residential
2,696
Single Family
2,696
Multi-Family
0
Businesses
119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A