424 Bingham StreetCarthageNC28327
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
Investment property for sale in Carthage at 424 Bingham Street, Carthage, NC, 28327 offers a 9.89% rental yield on a $355,000 purchase with $2,927/mo rent. Total monthly income registers $2,927/mo, and a $1,738/mo payment leaves $763/mo available for distribution. Annual cash flow reaches $9,156/yr on $117,683 to close, and return on cash invested stands at 27.69% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 144.42% and total cumulative return in cash at $169,956. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,927/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy O Lyne • Keller Williams Pinehurst
Mls Name: Hive MLS
Mls ID: #100509908