403 Riverside DrEdenNC27288
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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 Eden at 403 Riverside Dr, Eden, NC, 27288 priced at $212,000 converts $1,620/mo rent into $328/mo cash flow after a $1,038/mo obligation. Total monthly income equals $1,620/mo, and annual cash flow totals $3,931/yr on $70,278 invested. Return on cash invested prints 25.5% in year one, and rental yield reads 9.17% against a $212,000 entry. Equity gained on principal adds $1,368/yr, while 5% annual appreciation compiles into $58,572 by year five. Five-year ROI reaches 132.73% and total cumulative return in cash sums $93,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $1,038/mo payment, not borrower’s personal income.
Manufactured
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27288, Eden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,875 (100%) |
| Owner Occupied HU | 6,513 (54.8%) |
| Renter Occupied HU | 3,985 (33.6%) |
| Vacant Housing Units | 1,377 (11.6%) |
| Median Home Value | $146,940 |
| Average Home Value | $188,054 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,166
Multi-Family
601
Businesses
714
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Listed by: Eddie Barker • Price & Associates, Realty
Mls Name: Triad MLS
Mls ID: #1201942