342 Cliff RdAsheboroNC27203
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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 Asheboro at 342 Cliff Rd, Asheboro, NC, 27203 offers a 7.15% rental yield on a $308,000 purchase with $1,834/mo rent. 4% in year one. Equity gained on principal adds $1,987/yr while 5% annual appreciation supports $85,095 over five years. Portfolio math shows five-year ROI at 100% and total cumulative return in cash at $102,100. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,834/mo property income against a $1,508/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27203, Asheboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,058 (100%) |
| Owner Occupied HU | 4,270 (42.5%) |
| Renter Occupied HU | 4,969 (49.4%) |
| Vacant Housing Units | 819 ( 8.1%) |
| Median Home Value | $168,026 |
| Average Home Value | $198,809 |
Housing Distribution
Address Breakdown
Residential
9,513
Single Family
8,179
Multi-Family
1,334
Businesses
1,220
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Listed by: Jessica Zombek Ferris • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1186228