605 E Montgomery StHendersonNC27536
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 Henderson at 605 E Montgomery St, Henderson, NC, 27536 uses $76,245 cash to close to unlock $1,416/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,520/mo, and a $1,126/mo payment keeps the spread at $118/mo. Purchase price stands at $230,000, and rental yield measures 7.93% with $1,520/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 112.65% and total cumulative return in cash records $85,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,520/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1954
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27536, Henderson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,434 (100%) |
| Owner Occupied HU | 2,670 (35.9%) |
| Renter Occupied HU | 3,913 (52.6%) |
| Vacant Housing Units | 851 (11.4%) |
| Median Home Value | $137,313 |
| Average Home Value | $179,512 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,028
Multi-Family
860
Businesses
1,116
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Nearby investment properties with comparable prices
Listed by: Mynor Contreras Martinez • Winland Group, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10098676
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