509 Elm AveMount HollyNC28120
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 Mount Holly at 509 Elm Ave, Mount Holly, NC, 28120 offers $1,345/mo rent that, after a $857/mo payment, leaves $278/mo cash flow. Total monthly income is $1,345/mo, and annual cash flow is $3,336/yr on $58,013 cash. Return on cash invested measures 25.66% in year one, and rental yield stands at 9.22% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 133.53% and total cumulative return in cash reaches $77,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,345/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Gioia • Beycome Brokerage Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291521