402 E 2nd AvenueChadbournNC28431
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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 Chadbourn at 402 E 2nd Avenue, Chadbourn, NC, 28431 generates $1,083/mo in rent and, after a $702/mo payment, leaves $209/mo in cash flow. Total monthly income is $1,083/mo, and annual cash flow is $2,506/yr on $47,570 invested. Return on cash invested sits at 25.18% in year one, and rental yield is 9.06% on a $143,500 entry. Equity gained on principal adds $926/yr, while 5% annual appreciation builds toward $39,646 over five years. Five-year ROI reaches 130.98% and total cumulative return in cash sums $62,309. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,083/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28431, Chadbourn, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,983 (100%) |
| Owner Occupied HU | 1,827 (61.2%) |
| Renter Occupied HU | 801 (26.9%) |
| Vacant Housing Units | 355 (11.9%) |
| Median Home Value | $146,875 |
| Average Home Value | $180,572 |
Housing Distribution
Address Breakdown
Residential
3,010
Single Family
2,918
Multi-Family
92
Businesses
216
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Listed by: David Q Nguyen • eXp Realty
Mls Name: Hive MLS
Mls ID: #100543633