308 Ragan RoadToddNC28684
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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 Todd at 308 Ragan Road, Todd, NC, 28684 offers $2,880/mo rent that, after a $2,765/mo payment. Total monthly income is $2,880/mo. Return on cash invested measures 16.43% in year one, and rental yield stands at 6.12% at a $565,000 entry. Equity gained on principal adds $3,646/yr while 5% annual appreciation compounds into $156,099 by year five. Five-year ROI records 84% and total cumulative return in cash reaches $156,135. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,880/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
1.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28684, Todd, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,571 (100%) |
| Owner Occupied HU | 701 (44.6%) |
| Renter Occupied HU | 138 ( 8.8%) |
| Vacant Housing Units | 732 (46.6%) |
| Median Home Value | $346,382 |
| Average Home Value | $436,238 |
Housing Distribution
Address Breakdown
Residential
1,026
Single Family
1,026
Multi-Family
0
Businesses
27
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Listed by: Don Blair • Premier Sotheby's Int'l Realty
Mls Name: High Country AOR
Mls ID: #254375