412 Garris StWeldonNC27890
Nearby investment properties with comparable rents
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 Weldon at 412 Garris St, Weldon, NC, 27890 priced at $199,000 pairs $1,608/mo rent with $395/mo cash flow after a $974/mo payment. Total monthly income equals $1,608/mo, and annual cash flow comes to $4,742/yr on $65,969 invested. Return on cash invested is 27.1% in year one, and rental yield stands at 9.7% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 141.33% and total cumulative return in cash reaches $93,234. For financing, Ziffy Mortgage’s DSCR program evaluates $1,608/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27890, Weldon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,050 (100%) |
| Owner Occupied HU | 468 (44.6%) |
| Renter Occupied HU | 355 (33.8%) |
| Vacant Housing Units | 227 (21.6%) |
| Median Home Value | $154,487 |
| Average Home Value | $175,395 |
Housing Distribution
Address Breakdown
Residential
899
Single Family
875
Multi-Family
24
Businesses
157
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Nearby investment properties with comparable prices
Listed by: Vickie Irby • Coldwell Banker Advantage-Littleton
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139954