585 K Fork RdMadisonNC27025
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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 Madison at 585 K Fork Rd, Madison, NC, 27025 offers a 5.85% rental yield on a $239,000 purchase with $1,166/mo rent. 5% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 79.15% and total cumulative return in cash at $62,712. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,166/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27025, Madison, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,249 (100%) |
| Owner Occupied HU | 3,642 (69.4%) |
| Renter Occupied HU | 1,063 (20.3%) |
| Vacant Housing Units | 544 (10.4%) |
| Median Home Value | $191,822 |
| Average Home Value | $234,616 |
Housing Distribution
Address Breakdown
Residential
4,874
Single Family
4,849
Multi-Family
25
Businesses
430
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Listed by: Karmen Quakenbush • RE/MAX Realty Consultants
Mls Name: Triad MLS
Mls ID: #1207142