538 McKoy 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
Rental property for sale in Clinton at 538 McKoy St, Clinton, NC, 28328 generates $1,056/mo in rent and, after a $763/mo payment, leaves $106/mo in cash flow. Total monthly income is $1,056/mo, and annual cash flow is $1,271/yr on $51,681 invested. Return on cash invested sits at 22.37% in year one, and rental yield is 8.13% on a $155,900 entry. Equity gained on principal adds $1,006/yr, while 5% annual appreciation builds toward $43,072 over five years. Five-year ROI reaches 115.91% and total cumulative return in cash sums $59,902. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,056/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
0.28 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: Kenneth D McLamb • Southern Heritage Realty
Mls Name: Doorify MLS
Mls ID: #10120415