320 N 2nd AveMayodanNC27027
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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 Mayodan at 320 N 2nd Ave, Mayodan, NC, 27027 priced at $239,900 converts $1,876/mo rent into $414/mo cash flow after a $1,174/mo obligation. Total monthly income equals $1,876/mo, and annual cash flow totals $4,969/yr on $79,527 invested. Return on cash invested prints 26.16% in year one, and rental yield reads 9.38% against a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation compiles into $66,280 by year five. Five-year ROI reaches 136.29% and total cumulative return in cash sums $108,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,876/mo property income covering a $1,174/mo payment, not borrower’s personal income.
Single Family
Built in 1998
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27027, Mayodan, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,198 (100%) |
| Owner Occupied HU | 1,277 (58.1%) |
| Renter Occupied HU | 717 (32.6%) |
| Vacant Housing Units | 204 ( 9.3%) |
| Median Home Value | $159,226 |
| Average Home Value | $198,747 |
Housing Distribution
Address Breakdown
Residential
1,979
Single Family
1,797
Multi-Family
182
Businesses
153
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