505 S Wooten StLa GrangeNC28551
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 La Grange at 505 S Wooten St, La Grange, NC, 28551 listed at $245,000 pairs $950/mo rent with a $1,199/mo payment. Total monthly income runs $950/mo. Return on cash invested measures 11.89% in year one, and rental yield registers 4.65% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 59.68% and total cumulative return in cash totals $48,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $950/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28551, La Grange, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,818 (100%) |
| Owner Occupied HU | 3,583 (61.6%) |
| Renter Occupied HU | 1,525 (26.2%) |
| Vacant Housing Units | 710 (12.2%) |
| Median Home Value | $182,914 |
| Average Home Value | $233,400 |
Housing Distribution
Address Breakdown
Residential
6,017
Single Family
5,994
Multi-Family
23
Businesses
299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saul Moyao Castillo • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10142724