507 Columbia AveRamseurNC27316
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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 Ramseur at 507 Columbia Ave, Ramseur, NC, 27316 priced at $229,000 converts $1,200/mo rent into after a $1,121/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 16.81% in year one, and rental yield reads 6.29% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 86.16% and total cumulative return in cash sums $65,405. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27316, Ramseur, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,213 (100%) |
| Owner Occupied HU | 2,098 (65.3%) |
| Renter Occupied HU | 745 (23.2%) |
| Vacant Housing Units | 370 (11.5%) |
| Median Home Value | $210,410 |
| Average Home Value | $246,519 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,510
Multi-Family
183
Businesses
207
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Listed by: Lorrie C. Long • Lorrie Long Realty
Mls Name: Triad MLS
Mls ID: #1194630