6020 River Heights DrRamseurNC27316
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ramseur at 6020 River Heights Dr, Ramseur, NC, 27316 uses $62,985 cash to close to unlock $3,384/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,440/mo, and a $930/mo payment keeps the spread at $282/mo. Purchase price stands at $190,000, and rental yield measures 9.09% with $1,440/mo rent. Return on cash invested shows 25.28% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 131.52% and total cumulative return in cash records $82,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,440/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
4.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27316, Ramseur, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,213 (100%) |
| Owner Occupied HU | 2,098 (65.3%) |
| Renter Occupied HU | 745 (23.2%) |
| Vacant Housing Units | 370 (11.5%) |
| Median Home Value | $210,410 |
| Average Home Value | $246,519 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,510
Multi-Family
183
Businesses
207
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Sienko • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1201233