466 Marion Stage 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 466 Marion Stage Rd, Fairmont, NC, 28340 priced at $140,000 converts $1,238/mo rent into $385/mo cash flow after a $685/mo obligation. Total monthly income equals $1,238/mo, and annual cash flow totals $4,620/yr on $46,410 invested. Return on cash invested prints 29.86% in year one, and rental yield reads 10.61% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 156.09% and total cumulative return in cash sums $72,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,238/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1924
N/A 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: BRION OXENDINE • REALTY ONE GROUP HERITAGE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733876
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.