508 W Church StBensonNC27504
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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 Benson at 508 W Church St, Benson, NC, 27504 priced at $280,000 converts $1,871/mo rent into $165/mo cash flow after a $1,370/mo obligation. Total monthly income equals $1,871/mo, and annual cash flow totals $1,980/yr on $92,820 invested. Return on cash invested prints 22.04% in year one, and rental yield reads 8.02% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 114.13% and total cumulative return in cash sums $105,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,871/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Townhouse
Built in 2016
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27504, Benson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,748 (100%) |
| Owner Occupied HU | 6,119 (69.9%) |
| Renter Occupied HU | 1,924 (22.0%) |
| Vacant Housing Units | 705 ( 8.1%) |
| Median Home Value | $264,067 |
| Average Home Value | $305,612 |
Housing Distribution
Address Breakdown
Residential
7,929
Single Family
7,749
Multi-Family
180
Businesses
621
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Listed by: Rose Bogard • Costello Real Estate & Investm
Mls Name: Doorify MLS
Mls ID: #10141041