403 Ridley StLouisburgNC27549
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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 Louisburg at 403 Ridley St, Louisburg, NC, 27549 priced at $299,000 pairs $1,898/mo rent with $76/mo cash flow after a $1,463/mo payment. Total monthly income equals $1,898/mo, and annual cash flow comes to $914/yr on $99,119 invested. Return on cash invested is 20.83% in year one, and rental yield stands at 7.62% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 107.69% and total cumulative return in cash reaches $106,738. For financing, Ziffy Mortgage’s DSCR program evaluates $1,898/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27549, Louisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,073 (100%) |
| Owner Occupied HU | 7,614 (63.1%) |
| Renter Occupied HU | 2,541 (21.0%) |
| Vacant Housing Units | 1,918 (15.9%) |
| Median Home Value | $279,790 |
| Average Home Value | $304,022 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
8,680
Multi-Family
1,818
Businesses
646
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Listed by: Ashley Font • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10137473