508 Prospect StEdenNC27288
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
Rental property for sale in Eden at 508 Prospect St, Eden, NC, 27288 offers $1,234/mo rent that, after a $734/mo payment, leaves $320/mo cash flow. Total monthly income is $1,234/mo, and annual cash flow is $3,840/yr on $49,725 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 9.87% at a $149,999 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 144.11% and total cumulative return in cash reaches $71,658. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,234/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27288, Eden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,875 (100%) |
| Owner Occupied HU | 6,513 (54.8%) |
| Renter Occupied HU | 3,985 (33.6%) |
| Vacant Housing Units | 1,377 (11.6%) |
| Median Home Value | $146,940 |
| Average Home Value | $188,054 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,166
Multi-Family
601
Businesses
714
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Listed by: Tommy Fleming • PIEDMONT TRIAD FLEMING, REALTORS
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1171002
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