335 Scarlet DrFairmontNC28340
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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 Fairmont at 335 Scarlet Dr, Fairmont, NC, 28340 priced at $389,000 converts $1,252/mo rent into after a $1,904/mo obligation. Total monthly income equals $1,252/mo. Return on cash invested prints 9.5% in year one, and rental yield reads 3.86% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 46.91% and total cumulative return in cash sums $60,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,252/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Single Family
Built in N/A
100 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28340, Fairmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,073 (100%) |
| Owner Occupied HU | 2,560 (62.9%) |
| Renter Occupied HU | 1,021 (25.1%) |
| Vacant Housing Units | 492 (12.1%) |
| Median Home Value | $97,103 |
| Average Home Value | $146,345 |
Housing Distribution
Address Breakdown
Residential
3,840
Single Family
3,769
Multi-Family
71
Businesses
261
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Listed by: William Herron-marshall • National Land Realty, Southeastern NC
Mls Name: My State MLS
Mls ID: #11587630