424 Halifax StWarrentonNC27589
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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 Warrenton at 424 Halifax St, Warrenton, NC, 27589 priced at $175,000 converts $1,340/mo rent into $273/mo cash flow after a $857/mo obligation. Total monthly income equals $1,340/mo, and annual cash flow totals $3,276/yr on $58,013 invested. Return on cash invested prints 25.56% in year one, and rental yield reads 9.19% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 133% and total cumulative return in cash sums $77,155. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,340/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27589, Warrenton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,627 (100%) |
| Owner Occupied HU | 2,022 (55.7%) |
| Renter Occupied HU | 938 (25.9%) |
| Vacant Housing Units | 667 (18.4%) |
| Median Home Value | $148,529 |
| Average Home Value | $225,019 |
Housing Distribution
Address Breakdown
Residential
3,202
Single Family
3,162
Multi-Family
40
Businesses
318
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Listed by: GB Howard • Davis Real Estate Services
Mls Name: Doorify MLS
Mls ID: #10133800