406 S 16th StErwinNC28339
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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
Investment property for sale in Erwin at 406 S 16th St, Erwin, NC, 28339 earns $388/mo cash flow from $1,835/mo rent with a $1,162/mo payment. Total monthly income totals $1,835/mo, and annual cash flow totals $4,656/yr on $78,731 capital. ROI tracks 25.82% on current figures, and rental yield reads 9.27% at a $237,500 purchase. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,617 over five years. Five-year ROI reaches 134.41% and total cumulative return in cash sums $105,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,835/mo property income instead of your personal income.
Single Family
Built in 1925
7,405 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: Beverly Robinson • Grason Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10138702