605 E 2nd StKenlyNC27542
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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 Kenly at 605 E 2nd St, Kenly, NC, 27542 generates $2,700/mo in rent and, after a $1,429/mo payment, leaves $921/mo in cash flow. Total monthly income is $2,700/mo, and annual cash flow is $11,047/yr on $96,798 invested. Return on cash invested sits at 31.32% in year one, and rental yield is 11.1% on a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 163.93% and total cumulative return in cash sums $158,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,700/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27542, Kenly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,411 (100%) |
| Owner Occupied HU | 2,955 (67.0%) |
| Renter Occupied HU | 1,039 (23.6%) |
| Vacant Housing Units | 417 ( 9.5%) |
| Median Home Value | $229,144 |
| Average Home Value | $271,400 |
Housing Distribution
Address Breakdown
Residential
3,844
Single Family
3,844
Multi-Family
0
Businesses
188
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Listed by: Amy Elizabeth Morris • Carolina Realty
Mls Name: Doorify MLS
Mls ID: #10132182