3388 Rhyne Forest RdIron StationNC28080
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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 Iron Station at 3388 Rhyne Forest Rd, Iron Station, NC, 28080 uses $44,421 cash to close to unlock $2,978/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,065/mo, and a $656/mo payment keeps the spread at $248/mo. Purchase price stands at $134,000, and rental yield measures 9.54% with $1,065/mo rent. Return on cash invested shows 26.61% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 138.77% and total cumulative return in cash records $61,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,065/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Paul Martinez • Redwood Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315015