605 Sherrod HtsEnfieldNC27823
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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 Enfield at 605 Sherrod Hts, Enfield, NC, 27823 offers $1,606/mo rent that, after a $930/mo payment, leaves $448/mo cash flow. Total monthly income is $1,606/mo, and annual cash flow is $5,376/yr on $62,985 cash. Return on cash invested measures 28.44% in year one, and rental yield stands at 10.14% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 148.47% and total cumulative return in cash reaches $93,516. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,606/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27823, Enfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 1,698 (50.4%) |
| Renter Occupied HU | 923 (27.4%) |
| Vacant Housing Units | 749 (22.2%) |
| Median Home Value | $95,455 |
| Average Home Value | $151,708 |
Housing Distribution
Address Breakdown
Residential
2,851
Single Family
2,826
Multi-Family
25
Businesses
177
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Listed by: Silver Silver • Costello Real Estate & Investm
Mls Name: Doorify MLS
Mls ID: #10107547