337 W Main StRockwellNC28138
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
Investment property for sale in Rockwell at 337 W Main St, Rockwell, NC, 28138 offers a 8.77% rental yield on a $334,777 purchase with $2,447/mo rent. Total monthly income registers $2,447/mo, and a $1,639/mo payment leaves $406/mo available for distribution. Annual cash flow reaches $4,875/yr on $110,979 to close, and return on cash invested stands at 24.3% in year one. Equity gained on principal adds $2,160/yr while 5% annual appreciation supports $92,493 over five years. Portfolio math shows five-year ROI at 126.3% and total cumulative return in cash at $140,170. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,447/mo property income against a $1,639/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.50 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: Keith Knight • Wallace Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325741