465 Piney Fork RoadFleetwoodNC28626
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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 Fleetwood at 465 Piney Fork Road, Fleetwood, NC, 28626 priced at $194,000 pairs $1,554/mo rent with $371/mo cash flow after a $950/mo payment. Total monthly income equals $1,554/mo, and annual cash flow comes to $4,454/yr on $64,311 invested. Return on cash invested is 26.84% in year one, and rental yield stands at 9.61% on a $194,000 basis. Equity gained on principal adds $1,252/yr, and 5% annual appreciation accumulates to $53,599 by year five. Five-year ROI measures 139.92% and total cumulative return in cash reaches $89,984. For financing, Ziffy Mortgage’s DSCR program evaluates $1,554/mo property income against a $950/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1992
2.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28626, Fleetwood, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,736 (100%) |
| Owner Occupied HU | 940 (54.1%) |
| Renter Occupied HU | 195 (11.2%) |
| Vacant Housing Units | 601 (34.6%) |
| Median Home Value | $328,333 |
| Average Home Value | $366,633 |
Housing Distribution
Address Breakdown
Residential
1,369
Single Family
1,369
Multi-Family
0
Businesses
61
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Listed by: Beverly Black • Ashe County Realty
Mls Name: High Country AOR
Mls Provider:
Mls ID: #255894
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.