387 New Salem RdRandlemanNC27317
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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
Investment property for sale in Randleman at 387 New Salem Rd, Randleman, NC, 27317 with 5% annual appreciation on a $215,000 basis while $1,644/mo rent supports operations. Total monthly income totals $1,644/mo and a $1,052/mo payment preserves $334/mo for cash returns. Annual cash flow comes to $4,008/yr on $71,273 deployed, and return on cash invested reaches 25.53% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 9.18%. Five-year ROI measures 132.88% and total cumulative return in cash totals $94,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,644/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27317, Randleman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,332 (69.4%) |
| Renter Occupied HU | 1,916 (24.9%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $209,336 |
| Average Home Value | $246,020 |
Housing Distribution
Address Breakdown
Residential
7,335
Single Family
7,063
Multi-Family
272
Businesses
530
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Listed by: Jennifer Huffman • Jeff Cook Real Estate LPT Realty
Mls Name: Triad MLS
Mls ID: #1193681