508 E Church StRowlandNC28383
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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 Rowland at 508 E Church St, Rowland, NC, 28383 priced at $185,000 converts $996/mo rent into after a $905/mo obligation. Total monthly income equals $996/mo. Return on cash invested prints 17.35% in year one, and rental yield reads 6.46% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 88.96% and total cumulative return in cash sums $54,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $996/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28383, Rowland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,945 (100%) |
| Owner Occupied HU | 2,060 (69.9%) |
| Renter Occupied HU | 589 (20.0%) |
| Vacant Housing Units | 296 (10.1%) |
| Median Home Value | $89,344 |
| Average Home Value | $137,808 |
Housing Distribution
Address Breakdown
Residential
2,696
Single Family
2,696
Multi-Family
0
Businesses
119
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Listed by: HELENA SINCLAIR • BHHS ALL AMERICAN HOMES #2
Mls Name: LPRMLS
Mls ID: #755682