414 W Main StRowlandNC28383
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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 Rowland at 414 W Main St, Rowland, NC, 28383 offers a 11.85% rental yield on a $175,000 purchase with $1,728/mo rent. Total monthly income registers $1,728/mo, and a $857/mo payment leaves $627/mo available for distribution. Annual cash flow reaches $7,521/yr on $58,013 to close, and return on cash invested stands at 32.87% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 172.51% and total cumulative return in cash at $100,075. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,728/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1895
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28383, Rowland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,945 (100%) |
| Owner Occupied HU | 2,060 (69.9%) |
| Renter Occupied HU | 589 (20.0%) |
| Vacant Housing Units | 296 (10.1%) |
| Median Home Value | $89,344 |
| Average Home Value | $137,808 |
Housing Distribution
Address Breakdown
Residential
2,696
Single Family
2,696
Multi-Family
0
Businesses
119
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Listed by: SALLY KENNEDY • CENTURY 21 The Real Estate Center
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742753
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.