509 Pasture RoadGlenvilleNC28736
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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
Investment property for sale in Glenville at 509 Pasture Road, Glenville, NC, 28736 offers a 5.55% rental yield on a $999,999 purchase with $4,624/mo rent. 7% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,281 over five years. Portfolio math shows five-year ROI at 74.73% and total cumulative return in cash at $245,871. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,624/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28736, Glenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 355 (29.0%) |
| Renter Occupied HU | 100 ( 8.2%) |
| Vacant Housing Units | 768 (62.8%) |
| Median Home Value | $439,063 |
| Average Home Value | $540,718 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
413
Multi-Family
0
Businesses
52
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Listed by: Karen Sullivan • RE/MAX Summit Properties
Mls Name: HCMLS
Mls ID: #1001577