3403 Hollis RdEllenboroNC28040
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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 Ellenboro at 3403 Hollis Rd, Ellenboro, NC, 28040 listed at $350,000 pairs $1,330/mo rent with a $1,713/mo payment. Total monthly income runs $1,330/mo. Return on cash invested measures 11.6% in year one, and rental yield registers 4.56% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 58.18% and total cumulative return in cash totals $67,502. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,330/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2003
7.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28040, Ellenboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,559 (100%) |
| Owner Occupied HU | 2,283 (64.1%) |
| Renter Occupied HU | 792 (22.3%) |
| Vacant Housing Units | 484 (13.6%) |
| Median Home Value | $198,300 |
| Average Home Value | $258,437 |
Housing Distribution
Address Breakdown
Residential
2,977
Single Family
2,977
Multi-Family
0
Businesses
95
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Listed by: Bryan Gordon • RE/MAX Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4299852