609 Poplar StreetRockinghamNC28379
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 Rockingham at 609 Poplar Street, Rockingham, NC, 28379 offers a 9.42% rental yield on a $169,900 purchase with $1,334/mo rent. Total monthly income registers $1,334/mo, and a $832/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,577/yr on $56,322 to close, and return on cash invested stands at 26.26% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 136.87% and total cumulative return in cash at $77,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,334/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28379, Rockingham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,302 (100%) |
| Owner Occupied HU | 6,220 (55.0%) |
| Renter Occupied HU | 3,756 (33.2%) |
| Vacant Housing Units | 1,326 (11.7%) |
| Median Home Value | $158,183 |
| Average Home Value | $192,771 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,274
Multi-Family
493
Businesses
733
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Listed by: Latasha Ingram • Premier Real Estate of the Sandhills LLC
Mls Name: Hive MLS
Mls ID: #100547058