516 Herring StClintonNC28328
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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 Clinton at 516 Herring St, Clinton, NC, 28328 at $260,000 posts ROI 32.09% with $875/mo cash flow from $2,483/mo rent. Total monthly income equals $2,483/mo, and annual cash flow records $10,495/yr on $86,190 to close. Return on cash invested measures 32.09% and rental yield reads 11.46% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 168.15% and total cumulative return in cash totals $144,929.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,483/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1982
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28328, Clinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,027 (100%) |
| Owner Occupied HU | 6,536 (59.3%) |
| Renter Occupied HU | 3,368 (30.5%) |
| Vacant Housing Units | 1,123 (10.2%) |
| Median Home Value | $186,580 |
| Average Home Value | $239,678 |
Housing Distribution
Address Breakdown
Residential
11,006
Single Family
10,779
Multi-Family
227
Businesses
839
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Listed by: LAURA REAGAN • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #747613
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.