430 Brown RdChina GroveNC28023
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
Rental property for sale in China Grove at 430 Brown Rd, China Grove, NC, 28023 priced at $189,900 converts $1,624/mo rent into $467/mo cash flow after a $929/mo obligation. Total monthly income equals $1,624/mo, and annual cash flow totals $5,605/yr on $62,952 invested. Return on cash invested prints 28.81% in year one, and rental yield reads 10.26% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 150.56% and total cumulative return in cash sums $94,781. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,624/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Nearby investment properties with comparable prices
Listed by: Ken Harmer • Arey Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4288116