45 Bailey RoadEnniceNC28623
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 Ennice at 45 Bailey Road, Ennice, NC, 28623 earns from $1,427/mo rent with a $1,757/mo payment. Total monthly income totals $1,427/mo. ROI tracks 12.24% on current figures, and rental yield reads 4.77% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 61.62% and total cumulative return in cash sums $73,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,427/mo property income instead of your personal income.
Single Family
Built in 1994
2.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28623, Ennice, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 584 (55.8%) |
| Renter Occupied HU | 135 (12.9%) |
| Vacant Housing Units | 328 (31.3%) |
| Median Home Value | $302,791 |
| Average Home Value | $280,355 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jay Woodruff • Keller Williams Elite Blue Ridge
Mls Name: High Country AOR
Mls ID: #256136