3402 State Highway 62 ELibertyNC27298
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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 Liberty at 3402 State Highway 62 E, Liberty, NC, 27298 generates $1,273/mo in rent and, after a $808/mo payment, leaves $267/mo in cash flow. Total monthly income is $1,273/mo, and annual cash flow is $3,204/yr on $54,698 invested. Return on cash invested sits at 25.77% in year one, and rental yield is 9.26% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 134.13% and total cumulative return in cash sums $73,367. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,273/mo property income rather than buyer’s personal income.
Manufactured
Built in 1981
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27298, Liberty, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,818 (100%) |
| Owner Occupied HU | 3,419 (71.0%) |
| Renter Occupied HU | 962 (20.0%) |
| Vacant Housing Units | 437 ( 9.1%) |
| Median Home Value | $280,287 |
| Average Home Value | $342,491 |
Housing Distribution
Address Breakdown
Residential
4,384
Single Family
4,384
Multi-Family
0
Businesses
256
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Listed by: Rass Bagley, III • RE/MAX Central Realty
Mls Name: Triad MLS
Mls ID: #1202853