3234 Cool Springs RdBroadwayNC27505
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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 Broadway at 3234 Cool Springs Rd, Broadway, NC, 27505 uses $52,709 cash to close to unlock $3,146/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,231/mo, and a $778/mo payment keeps the spread at $262/mo. Purchase price stands at $159,000, and rental yield measures 9.29% with $1,231/mo rent. Return on cash invested shows 25.88% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash records $71,064. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,231/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27505, Broadway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 2,188 (70.6%) |
| Renter Occupied HU | 686 (22.1%) |
| Vacant Housing Units | 227 ( 7.3%) |
| Median Home Value | $275,114 |
| Average Home Value | $275,680 |
Housing Distribution
Address Breakdown
Residential
2,804
Single Family
2,804
Multi-Family
0
Businesses
95
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Listed by: DAVID JOHNSON • JOHNSON REAL ESTATE
Mls Name: LPRMLS
Mls ID: #747700