309 Elam AveRamseurNC27316
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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 Ramseur at 309 Elam Ave, Ramseur, NC, 27316 offers a 7.25% rental yield on a $379,900 purchase with $2,294/mo rent. 71% in year one. Equity gained on principal adds $2,451/yr while 5% annual appreciation supports $104,959 over five years. Portfolio math shows five-year ROI at 101.66% and total cumulative return in cash at $128,033. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,294/mo property income against a $1,859/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27316, Ramseur, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,213 (100%) |
| Owner Occupied HU | 2,098 (65.3%) |
| Renter Occupied HU | 745 (23.2%) |
| Vacant Housing Units | 370 (11.5%) |
| Median Home Value | $210,410 |
| Average Home Value | $246,519 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,510
Multi-Family
183
Businesses
207
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Listed by: Allie Hohn • TKB Realty Group LLC
Mls Name: Triad MLS
Mls ID: #1198937