605 Mitchell AveFranklintonNC27525
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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
Rental property for sale in Franklinton at 605 Mitchell Ave, Franklinton, NC, 27525 priced at $213,000 pairs $1,501/mo rent with $202/mo cash flow after a $1,043/mo payment. Total monthly income equals $1,501/mo, and annual cash flow comes to $2,429/yr on $70,610 invested. Return on cash invested is 23.35% in year one, and rental yield stands at 8.46% on a $213,000 basis. Equity gained on principal adds $1,374/yr, and 5% annual appreciation accumulates to $58,848 by year five. Five-year ROI measures 121.2% and total cumulative return in cash reaches $85,581. For financing, Ziffy Mortgage’s DSCR program evaluates $1,501/mo property income against a $1,043/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27525, Franklinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,436 (100%) |
| Owner Occupied HU | 6,513 (77.2%) |
| Renter Occupied HU | 1,460 (17.3%) |
| Vacant Housing Units | 463 ( 5.5%) |
| Median Home Value | $299,711 |
| Average Home Value | $319,419 |
Housing Distribution
Address Breakdown
Residential
7,989
Single Family
7,893
Multi-Family
96
Businesses
271
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Listed by: Thomas Ladane Shoupe • Opendoor Brokerage LLC
Mls Name: Doorify MLS
Mls ID: #10113056