565 Johnson Melton RdMorvenNC28119
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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 Morven at 565 Johnson Melton Rd, Morven, NC, 28119 priced at $110,000 converts $875/mo rent into $205/mo cash flow after a $538/mo obligation. Total monthly income equals $875/mo, and annual cash flow totals $2,460/yr on $36,465 invested. Return on cash invested prints 26.66% in year one, and rental yield reads 9.55% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 138.87% and total cumulative return in cash sums $50,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $875/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28119, Morven, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,140 (100%) |
| Owner Occupied HU | 693 (60.8%) |
| Renter Occupied HU | 270 (23.7%) |
| Vacant Housing Units | 177 (15.5%) |
| Median Home Value | $110,562 |
| Average Home Value | $166,908 |
Housing Distribution
Address Breakdown
Residential
797
Single Family
797
Multi-Family
0
Businesses
43
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Listed by: BIANCA HARRIS • EXP REALTY LLC
Mls Name: LPRMLS
Mls ID: #749478