350 Stowe Ave APT 101AsheboroNC27203
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 Asheboro at 350 Stowe Ave APT 101, Asheboro, NC, 27203 uses $76,245 cash to close to unlock $3,252/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,673/mo, and a $1,126/mo payment keeps the spread at $271/mo. Purchase price stands at $230,000, and rental yield measures 8.73% with $1,673/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 125.59% and total cumulative return in cash records $95,755. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,673/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Townhouse
Built in 2010
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dee Love • Keller Williams Elite Realty
Mls Name: Doorify MLS
Mls ID: #10134556