369 Pasture Gate RdMaconNC27551
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
Rental property for sale in Macon at 369 Pasture Gate Rd, Macon, NC, 27551 priced at $399,000 converts $2,880/mo rent into $448/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $5,378/yr on $132,269 invested. Return on cash invested prints 23.98% in year one, and rental yield reads 8.66% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 124.55% and total cumulative return in cash sums $164,738. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 2006
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27551, Macon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 903 (48.0%) |
| Renter Occupied HU | 173 ( 9.2%) |
| Vacant Housing Units | 805 (42.8%) |
| Median Home Value | $409,574 |
| Average Home Value | $431,977 |
Housing Distribution
Address Breakdown
Residential
1,306
Single Family
1,306
Multi-Family
0
Businesses
41
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Listed by: Molly Harper • Harper Realty
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140405