519 N Main StMount GileadNC27306
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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 Mount Gilead at 519 N Main St, Mount Gilead, NC, 27306 priced at $249,990 converts $1,292/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,292/mo. Return on cash invested prints 16.55% in year one, and rental yield reads 6.2% against a $249,990 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,068 by year five. Five-year ROI reaches 84.76% and total cumulative return in cash sums $70,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,292/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27306, Mount Gilead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,183 (100%) |
| Owner Occupied HU | 1,860 (44.5%) |
| Renter Occupied HU | 532 (12.7%) |
| Vacant Housing Units | 1,791 (42.8%) |
| Median Home Value | $218,675 |
| Average Home Value | $354,570 |
Housing Distribution
Address Breakdown
Residential
2,837
Single Family
2,837
Multi-Family
0
Businesses
143
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Listed by: Matthew Maddalone • Maddalone Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330588