51 Birch StElizabethtownNC28337
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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 Elizabethtown at 51 Birch St, Elizabethtown, NC, 28337 priced at $275,000 converts $2,206/mo rent into $530/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,206/mo, and annual cash flow totals $6,360/yr on $91,163 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 9.63% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 140.11% and total cumulative return in cash sums $127,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,206/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2010
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28337, Elizabethtown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,345 (100%) |
| Owner Occupied HU | 2,624 (49.1%) |
| Renter Occupied HU | 1,358 (25.4%) |
| Vacant Housing Units | 1,363 (25.5%) |
| Median Home Value | $234,913 |
| Average Home Value | $263,846 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
4,078
Multi-Family
121
Businesses
476
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Listed by: Beth Hines • RE/MAX SOUTHLAND REALTY II
Mls Name: Doorify MLS
Mls ID: #10141890