4002 Governors RdKelfordNC27847
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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 Kelford at 4002 Governors Rd, Kelford, NC, 27847 uses $39,780 cash to close to unlock $12,324/yr annual cash flow and $1,027/mo monthly cash flow. Total monthly income runs $1,758/mo, and a $587/mo payment keeps the spread at $1,027/mo. Purchase price stands at $120,000, and rental yield measures 17.58% with $1,758/mo rent. Return on cash invested shows 50.89% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 268.83% and total cumulative return in cash records $106,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,758/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27847, Kelford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 276 (100%) |
| Owner Occupied HU | 163 (59.1%) |
| Renter Occupied HU | 59 (21.4%) |
| Vacant Housing Units | 54 (19.6%) |
| Median Home Value | $82,273 |
| Average Home Value | $97,929 |
Housing Distribution
Address Breakdown
Residential
212
Single Family
212
Multi-Family
0
Businesses
15
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Listed by: Nancy Freeman • Freeman Realty
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138256
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.