371 Water Tower RdMoncureNC27559
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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 Moncure at 371 Water Tower Rd, Moncure, NC, 27559 priced at $675,000 converts $1,860/mo rent into after a $3,304/mo obligation. Total monthly income equals $1,860/mo. Return on cash invested prints 7.88% in year one, and rental yield reads 3.31% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 38.17% and total cumulative return in cash sums $84,759. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Single Family
Built in 2026
3.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27559, Moncure, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,101 (100%) |
| Owner Occupied HU | 829 (75.3%) |
| Renter Occupied HU | 163 (14.8%) |
| Vacant Housing Units | 109 ( 9.9%) |
| Median Home Value | $401,773 |
| Average Home Value | $440,181 |
Housing Distribution
Address Breakdown
Residential
1,001
Single Family
1,001
Multi-Family
0
Businesses
81
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Listed by: Lindsey Sigmon Ewing • Julie Wright Realty Group LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10105339
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.