320 Carolina AveRockwellNC28138
Nearby investment properties with comparable rents
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
Rental property for sale in Rockwell at 320 Carolina Ave, Rockwell, NC, 28138 priced at $259,000 pairs $1,944/mo rent with $365/mo cash flow after a $1,268/mo payment. Total monthly income equals $1,944/mo, and annual cash flow comes to $4,382/yr on $85,859 invested. Return on cash invested is 25.01% in year one, and rental yield stands at 9.01% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 130.13% and total cumulative return in cash reaches $111,724. For financing, Ziffy Mortgage’s DSCR program evaluates $1,944/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1909
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28138, Rockwell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,580 (100%) |
| Owner Occupied HU | 3,362 (73.4%) |
| Renter Occupied HU | 927 (20.2%) |
| Vacant Housing Units | 291 ( 6.4%) |
| Median Home Value | $274,062 |
| Average Home Value | $317,255 |
Housing Distribution
Address Breakdown
Residential
4,345
Single Family
4,345
Multi-Family
0
Businesses
233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Epley • Southern Key Realty
Mls Name: Triad MLS
Mls ID: #1189559