407 E Fremont StKenlyNC27542
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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 Kenly at 407 E Fremont St, Kenly, NC, 27542 priced at $225,000 converts $1,517/mo rent into $146/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,517/mo, and annual cash flow totals $1,752/yr on $74,588 invested. Return on cash invested prints 22.26% in year one, and rental yield reads 8.09% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 115.3% and total cumulative return in cash sums $86,001. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,517/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1955
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27542, Kenly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,411 (100%) |
| Owner Occupied HU | 2,955 (67.0%) |
| Renter Occupied HU | 1,039 (23.6%) |
| Vacant Housing Units | 417 ( 9.5%) |
| Median Home Value | $229,144 |
| Average Home Value | $271,400 |
Housing Distribution
Address Breakdown
Residential
3,844
Single Family
3,844
Multi-Family
0
Businesses
188
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Listed by: Mark Edward Hargrove • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10121853