311 Johnsie Billie Harris StEdenNC27288
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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 Eden at 311 Johnsie Billie Harris St, Eden, NC, 27288 listed at $119,997 pairs $918/mo rent with a $587/mo payment to leave $187/mo cash flow. Total monthly income runs $918/mo, and annual cash flow reaches $2,244/yr on $39,779 cash to close. Return on cash invested measures 25.55% in year one, and rental yield registers 9.18% at a $119,997 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,153 by year five. Five-year ROI tracks 132.93% and total cumulative return in cash totals $52,878. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $918/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27288, Eden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,875 (100%) |
| Owner Occupied HU | 6,513 (54.8%) |
| Renter Occupied HU | 3,985 (33.6%) |
| Vacant Housing Units | 1,377 (11.6%) |
| Median Home Value | $146,940 |
| Average Home Value | $188,054 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,166
Multi-Family
601
Businesses
714
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Listed by: Clark (Chuck) Faint • Chuck Faint Realty Team
Mls Name: Triad MLS
Mls ID: #1203625