409 Thimbleberry DrVassNC28394
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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 Vass at 409 Thimbleberry Dr, Vass, NC, 28394 with 5% annual appreciation on a $450,000 basis while $3,041/mo rent supports operations. Total monthly income totals $3,041/mo and a $2,203/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,599/yr on $149,175 deployed, and return on cash invested reaches 21.65% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 8.11%. Five-year ROI measures 112.31% and total cumulative return in cash totals $167,538.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,041/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.71 Acres lot
$N/A/sqft
$977 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28394, Vass, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,826 (100%) |
| Owner Occupied HU | 1,900 (67.2%) |
| Renter Occupied HU | 616 (21.8%) |
| Vacant Housing Units | 310 (11.0%) |
| Median Home Value | $346,532 |
| Average Home Value | $432,871 |
Housing Distribution
Address Breakdown
Residential
2,565
Single Family
2,565
Multi-Family
0
Businesses
155
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Listed by: LEE HANDSEL • THE HANDSEL GROUP INC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #744788
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.