490 Ballard Spring RdMorvenNC28119
Nearby investment properties with comparable rents
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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 Morven at 490 Ballard Spring Rd, Morven, NC, 28119 priced at $159,000 converts $1,257/mo rent into $288/mo cash flow after a $778/mo obligation. Total monthly income equals $1,257/mo, and annual cash flow totals $3,458/yr on $52,709 invested. Return on cash invested prints 26.47% in year one, and rental yield reads 9.49% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 137.99% and total cumulative return in cash sums $72,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,257/mo property income covering a $778/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
7.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28119, Morven, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 693 (60.8%) |
| Renter Occupied HU | 270 (23.7%) |
| Vacant Housing Units | 177 (15.5%) |
| Median Home Value | $110,562 |
| Average Home Value | $166,908 |
Housing Distribution
Address Breakdown
Residential
797
Single Family
797
Multi-Family
0
Businesses
43
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Nearby investment properties with comparable prices
Listed by: Ann Wilson • NorthGroup Real Estate LLC
Mls Name: CCAR
Mls ID: #2520460