351 Melinda LnHendersonNC27537
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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 Henderson at 351 Melinda Ln, Henderson, NC, 27537 priced at $200,000 converts $1,014/mo rent into after a $979/mo obligation. Total monthly income equals $1,014/mo. Return on cash invested prints 16.2% in year one, and rental yield reads 6.08% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 82.8% and total cumulative return in cash sums $54,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,014/mo property income covering a $979/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27537, Henderson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,944 (100%) |
| Owner Occupied HU | 6,840 (62.5%) |
| Renter Occupied HU | 2,756 (25.2%) |
| Vacant Housing Units | 1,348 (12.3%) |
| Median Home Value | $198,962 |
| Average Home Value | $253,341 |
Housing Distribution
Address Breakdown
Residential
9,933
Single Family
9,894
Multi-Family
39
Businesses
258
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Listed by: Marti Hampton • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10116134