396 S Peak StColumbusNC28722
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
Investment property for sale in Columbus at 396 S Peak St, Columbus, NC, 28722 offers a 11% rental yield on a $259,000 purchase with $2,374/mo rent. Total monthly income registers $2,374/mo, and a $1,268/mo payment leaves $795/mo available for distribution. Annual cash flow reaches $9,542/yr on $85,859 to close, and return on cash invested stands at 31.02% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 162.35% and total cumulative return in cash at $139,396. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,374/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28722, Columbus, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,524 (100%) |
| Owner Occupied HU | 2,164 (61.4%) |
| Renter Occupied HU | 756 (21.5%) |
| Vacant Housing Units | 604 (17.1%) |
| Median Home Value | $389,694 |
| Average Home Value | $475,416 |
Housing Distribution
Address Breakdown
Residential
3,159
Single Family
2,751
Multi-Family
408
Businesses
353
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ian Stevens • MATHERS REALTY.COM
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322263