423 E Main StConwayNC27820
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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 Conway at 423 E Main St, Conway, NC, 27820 priced at $310,000 converts $1,417/mo rent into after a $1,517/mo obligation. Total monthly income equals $1,417/mo. Return on cash invested prints 14.4% in year one, and rental yield reads 5.49% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 73.15% and total cumulative return in cash sums $75,175. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1937
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27820, Conway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 851 (60.7%) |
| Renter Occupied HU | 311 (22.2%) |
| Vacant Housing Units | 239 (17.1%) |
| Median Home Value | $189,038 |
| Average Home Value | $247,656 |
Housing Distribution
Address Breakdown
Residential
952
Single Family
952
Multi-Family
0
Businesses
50
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Listed by: Anthony Dufrene • Anthony Dufrene
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306777