311 S Franklin StChina GroveNC28023
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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 China Grove at 311 S Franklin St, China Grove, NC, 28023 priced at $229,950 converts $2,161/mo rent into $760/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,161/mo, and annual cash flow totals $9,121/yr on $76,228 invested. Return on cash invested prints 31.87% in year one, and rental yield reads 11.28% against a $229,950 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,531 by year five. Five-year ROI reaches 166.95% and total cumulative return in cash sums $127,263. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,161/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1942
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Listed by: Kriston Ashley • 360 REALTY
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295650