412 Cliff RdAsheboroNC27203
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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 Asheboro at 412 Cliff Rd, Asheboro, NC, 27203 offers $2,791/mo rent that, after a $2,002/mo payment, leaves $298/mo cash flow. Total monthly income is $2,791/mo, and annual cash flow is $3,578/yr on $135,584 cash. Return on cash invested measures 22.55% in year one, and rental yield stands at 8.19% at a $409,000 entry. Equity gained on principal adds $2,639/yr while 5% annual appreciation compounds into $112,999 by year five. Five-year ROI records 116.9% and total cumulative return in cash reaches $158,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,791/mo property income versus a $2,002/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27203, Asheboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,058 (100%) |
| Owner Occupied HU | 4,270 (42.5%) |
| Renter Occupied HU | 4,969 (49.4%) |
| Vacant Housing Units | 819 ( 8.1%) |
| Median Home Value | $168,026 |
| Average Home Value | $198,809 |
Housing Distribution
Address Breakdown
Residential
9,513
Single Family
8,179
Multi-Family
1,334
Businesses
1,220
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Listed by: Kris LeRoy • Justus Real Estate Inc
Mls Name: Triad MLS
Mls ID: #1202312