440 T Johnson RdCarthageNC28327
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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 Carthage at 440 T Johnson Rd, Carthage, NC, 28327 offers $1,843/mo rent that, after a $1,214/mo payment, leaves $331/mo cash flow. Total monthly income is $1,843/mo, and annual cash flow is $3,977/yr on $82,212 cash. Return on cash invested measures 24.75% in year one, and rental yield stands at 8.92% at a $248,000 entry. Equity gained on principal adds $1,600/yr while 5% annual appreciation compounds into $68,518 by year five. Five-year ROI records 128.69% and total cumulative return in cash reaches $105,798. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,843/mo property income versus a $1,214/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
N/A 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
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Listed by: CHRISHINDA HORTON • HORTON REALTY, LLC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #748999
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.