403 Warren RoadFaisonNC28341
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Nearby investment properties with comparable prices
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 Faison at 403 Warren Road, Faison, NC, 28341 priced at $254,900 pairs $1,657/mo rent with $103/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,657/mo, and annual cash flow comes to $1,237/yr on $84,499 invested. Return on cash invested is 21.37% in year one, and rental yield stands at 7.8% on a $254,900 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,424 by year five. Five-year ROI measures 110.61% and total cumulative return in cash reaches $93,468. For financing, Ziffy Mortgage’s DSCR program evaluates $1,657/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28341, Faison, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,705 (100%) |
| Owner Occupied HU | 965 (56.6%) |
| Renter Occupied HU | 411 (24.1%) |
| Vacant Housing Units | 329 (19.3%) |
| Median Home Value | $166,023 |
| Average Home Value | $191,585 |
Housing Distribution
Address Breakdown
Residential
1,404
Single Family
1,378
Multi-Family
26
Businesses
83
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Listed by: Riley Wilkins • Wilkins & Lancaster Realty, LLC
Mls Name: Hive MLS
Mls ID: #100535833