307 S Joyner StGibsonvilleNC27249
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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 Gibsonville at 307 S Joyner St, Gibsonville, NC, 27249 offers a 9.31% rental yield on a $177,900 purchase with $1,380/mo rent. Total monthly income registers $1,380/mo, and a $871/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,546/yr on $58,974 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $1,148/yr while 5% annual appreciation supports $49,150 over five years. Portfolio math shows five-year ROI at 135% and total cumulative return in cash at $79,613. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,380/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27249, Gibsonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,169 (100%) |
| Owner Occupied HU | 4,659 (75.5%) |
| Renter Occupied HU | 1,163 (18.9%) |
| Vacant Housing Units | 347 ( 5.6%) |
| Median Home Value | $301,072 |
| Average Home Value | $313,310 |
Housing Distribution
Address Breakdown
Residential
5,931
Single Family
5,931
Multi-Family
0
Businesses
239
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Listed by: Kelly Smith • eXp Realty
Mls Name: Triad MLS
Mls ID: #1187646