518 Goodman RdPelhamNC27311
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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 Pelham at 518 Goodman Rd, Pelham, NC, 27311 offers a 10.12% rental yield on a $200,000 purchase with $1,687/mo rent. Total monthly income registers $1,687/mo, and a $979/mo payment leaves $468/mo available for distribution. Annual cash flow reaches $5,616/yr on $66,300 to close, and return on cash invested stands at 28.38% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 148.12% and total cumulative return in cash at $98,204. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,687/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
19.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27311, Pelham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 1,161 (67.0%) |
| Renter Occupied HU | 344 (19.9%) |
| Vacant Housing Units | 227 (13.1%) |
| Median Home Value | $157,488 |
| Average Home Value | $194,356 |
Housing Distribution
Address Breakdown
Residential
1,573
Single Family
1,573
Multi-Family
0
Businesses
57
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Listed by: Carl Pike • Triangle North Realty
Mls Name: Doorify MLS
Mls ID: #10122189