619 Forrest RoadWarsawNC28398
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
Rental property for sale in Warsaw at 619 Forrest Road, Warsaw, NC, 28398 offers $2,867/mo rent that, after a $1,688/mo payment, leaves $765/mo cash flow. Total monthly income is $2,867/mo, and annual cash flow is $9,181/yr on $114,334 cash. Return on cash invested measures 27.94% in year one, and rental yield stands at 9.98% at a $344,900 entry. Equity gained on principal adds $2,226/yr while 5% annual appreciation compounds into $95,290 by year five. Five-year ROI records 145.81% and total cumulative return in cash reaches $166,713. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,867/mo property income versus a $1,688/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28398, Warsaw, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,320 (100%) |
| Owner Occupied HU | 1,625 (48.9%) |
| Renter Occupied HU | 929 (28.0%) |
| Vacant Housing Units | 766 (23.1%) |
| Median Home Value | $141,093 |
| Average Home Value | $218,692 |
Housing Distribution
Address Breakdown
Residential
2,969
Single Family
2,928
Multi-Family
41
Businesses
309
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jemima Faugues • EXP Realty LLC - C
Mls Name: Hive MLS
Mls ID: #100544479