37 Zion RdHobbsvilleNC27946
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 Hobbsville at 37 Zion Rd, Hobbsville, NC, 27946 generates $1,826/mo in rent and, after a $1,268/mo payment, leaves $247/mo in cash flow. Total monthly income is $1,826/mo, and annual cash flow is $2,966/yr on $85,859 invested. Return on cash invested sits at 23.36% in year one, and rental yield is 8.46% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 121.29% and total cumulative return in cash sums $104,140. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,826/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27946, Hobbsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 433 (100%) |
| Owner Occupied HU | 315 (72.7%) |
| Renter Occupied HU | 60 (13.9%) |
| Vacant Housing Units | 58 (13.4%) |
| Median Home Value | $215,441 |
| Average Home Value | $256,198 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nelene Gibbs • Gibbs Realty Group
Mls Name: REIN Inc.
Mls ID: #10616482