609 Salem Ridge DrRandlemanNC27317
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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
Investment property for sale in Randleman at 609 Salem Ridge Dr, Randleman, NC, 27317 with 5% annual appreciation on a $257,500 basis while $1,805/mo rent supports operations. Total monthly income totals $1,805/mo and a $1,260/mo payment preserves $236/mo for cash returns. Annual cash flow comes to $2,832/yr on $85,361 deployed, and return on cash invested reaches 23.23% in year one. Equity gained on principal adds $1,662/yr, and five-year appreciation sums $71,143 alongside rental yield of 8.41%. Five-year ROI measures 120.49% and total cumulative return in cash totals $102,853.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,805/mo property income versus a $1,260/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27317, Randleman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,680 (100%) |
| Owner Occupied HU | 5,332 (69.4%) |
| Renter Occupied HU | 1,916 (24.9%) |
| Vacant Housing Units | 432 ( 5.6%) |
| Median Home Value | $209,336 |
| Average Home Value | $246,020 |
Housing Distribution
Address Breakdown
Residential
7,335
Single Family
7,063
Multi-Family
272
Businesses
530
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Listed by: Chaz Justus • Justus Real Estate Inc
Mls Name: Triad MLS
Mls ID: #1194501