502 E Cleveland StDunnNC28334
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 Dunn at 502 E Cleveland St, Dunn, NC, 28334 with 5% annual appreciation on a $189,900 basis while $1,230/mo rent supports operations. Total monthly income totals $1,230/mo and a $929/mo payment preserves $73/mo for cash returns. Annual cash flow comes to $877/yr on $62,952 deployed, and return on cash invested reaches 21.3% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 7.77%. Five-year ROI measures 110.26% and total cumulative return in cash totals $69,413.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,230/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28334, Dunn, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,844 (100%) |
| Owner Occupied HU | 6,694 (61.7%) |
| Renter Occupied HU | 3,199 (29.5%) |
| Vacant Housing Units | 951 ( 8.8%) |
| Median Home Value | $267,672 |
| Average Home Value | $279,507 |
Housing Distribution
Address Breakdown
Residential
10,630
Single Family
10,396
Multi-Family
234
Businesses
879
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sasha Holbrook • eXp Realty
Mls Name: Doorify MLS
Mls ID: #10128237