403 W E StreetErwinNC28339
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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 Erwin at 403 W E Street, Erwin, NC, 28339 priced at $280,000 converts $1,566/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,566/mo. Return on cash invested prints 18.1% in year one, and rental yield reads 6.71% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 93% and total cumulative return in cash sums $86,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,566/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1925
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
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Listed by: Susan Annette Allen • Coldwell Banker Advantage-Smit
Mls Name: Doorify MLS
Mls ID: #10134281