407 N King AveDunnNC28334
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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 Dunn at 407 N King Ave, Dunn, NC, 28334 offers $1,981/mo rent that, after a $1,003/mo payment, leaves $732/mo cash flow. Total monthly income is $1,981/mo, and annual cash flow is $8,784/yr on $67,958 cash. Return on cash invested measures 32.83% in year one, and rental yield stands at 11.6% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 172% and total cumulative return in cash reaches $116,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,981/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28334, Dunn, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,844 (100%) |
| Owner Occupied HU | 6,694 (61.7%) |
| Renter Occupied HU | 3,199 (29.5%) |
| Vacant Housing Units | 951 ( 8.8%) |
| Median Home Value | $267,672 |
| Average Home Value | $279,507 |
Housing Distribution
Address Breakdown
Residential
10,630
Single Family
10,396
Multi-Family
234
Businesses
879
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Listed by: AISLING BONNER • ERA STROTHER REAL ESTATE
Mls Name: LPRMLS
Mls ID: #748005