429 Link DrIron StationNC28080
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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 Iron Station at 429 Link Dr, Iron Station, NC, 28080 uses $118,544 cash to close to unlock $2,015/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $2,347/mo, and a $1,750/mo payment keeps the spread at $168/mo. Purchase price stands at $357,600, and rental yield measures 7.88% with $2,347/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $98,798 over five years. Five-year ROI reaches 111.82% and total cumulative return in cash records $132,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,347/mo property income covering a $1,750/mo payment rather than investor’s personal income.
Single Family
Built in 1995
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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