455 Progressive Farm RdFairmontNC28340
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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 Fairmont at 455 Progressive Farm Rd, Fairmont, NC, 28340 priced at $154,000 pairs $1,206/mo rent with $267/mo cash flow after a $754/mo payment. Total monthly income equals $1,206/mo, and annual cash flow comes to $3,206/yr on $51,051 invested. Return on cash invested is 26.19% in year one, and rental yield stands at 9.4% on a $154,000 basis. Equity gained on principal adds $994/yr, and 5% annual appreciation accumulates to $42,547 by year five. Five-year ROI measures 136.48% and total cumulative return in cash reaches $69,674. For financing, Ziffy Mortgage’s DSCR program evaluates $1,206/mo property income against a $754/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2007
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28340, Fairmont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,073 (100%) |
| Owner Occupied HU | 2,560 (62.9%) |
| Renter Occupied HU | 1,021 (25.1%) |
| Vacant Housing Units | 492 (12.1%) |
| Median Home Value | $97,103 |
| Average Home Value | $146,345 |
Housing Distribution
Address Breakdown
Residential
3,840
Single Family
3,769
Multi-Family
71
Businesses
261
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Listed by: GIL JACOBS • ALOTTA PROPERTIES REAL ESTATE
Mls Name: LPRMLS
Mls ID: #755979