602 Highland StAsheboroNC27203
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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 Asheboro at 602 Highland St, Asheboro, NC, 27203 with 5% annual appreciation on a $234,000 basis while $1,214/mo rent supports operations. 63% in year one. Equity gained on principal adds $1,510/yr, and five-year appreciation sums $64,650 alongside rental yield of 6.23%. Five-year ROI measures 85.18% and total cumulative return in cash totals $66,075. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,214/mo property income versus a $1,145/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27203, Asheboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,058 (100%) |
| Owner Occupied HU | 4,270 (42.5%) |
| Renter Occupied HU | 4,969 (49.4%) |
| Vacant Housing Units | 819 ( 8.1%) |
| Median Home Value | $168,026 |
| Average Home Value | $198,809 |
Housing Distribution
Address Breakdown
Residential
9,513
Single Family
8,179
Multi-Family
1,334
Businesses
1,220
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Listed by: Kris LeRoy • Justus Real Estate Inc
Mls Name: Triad MLS
Mls ID: #1201746