350 Stowe Ave APT 502AsheboroNC27203
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 502, Asheboro, NC, 27203 uses $79,527 cash to close to unlock $73/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,523/mo, and a $1,174/mo payment keeps the spread at $6/mo. Purchase price stands at $239,900, and rental yield measures 7.62% with $1,523/mo rent. Return on cash invested shows 20% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 103.57% and total cumulative return in cash records $82,363. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,523/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Townhouse
Built in 2007
3,920 sqft lot
$N/A/sqft
$55 monthly 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A