506 Hearne Farm RdMount GileadNC27306
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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 Mount Gilead at 506 Hearne Farm Rd, Mount Gilead, NC, 27306 priced at $242,500 pairs $2,194/mo rent with $716/mo cash flow after a $1,187/mo payment. Total monthly income equals $2,194/mo, and annual cash flow comes to $8,592/yr on $80,389 invested. Return on cash invested is 30.6% in year one, and rental yield stands at 10.86% on a $242,500 basis. Equity gained on principal adds $1,565/yr, and 5% annual appreciation accumulates to $66,998 by year five. Five-year ROI measures 160.03% and total cumulative return in cash reaches $128,647. For financing, Ziffy Mortgage’s DSCR program evaluates $2,194/mo property income against a $1,187/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27306, Mount Gilead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,183 (100%) |
| Owner Occupied HU | 1,860 (44.5%) |
| Renter Occupied HU | 532 (12.7%) |
| Vacant Housing Units | 1,791 (42.8%) |
| Median Home Value | $218,675 |
| Average Home Value | $354,570 |
Housing Distribution
Address Breakdown
Residential
2,837
Single Family
2,837
Multi-Family
0
Businesses
143
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Listed by: Beth Tilley • New South Realty, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325249