621 N Elm StMarshvilleNC28103
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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 Marshville at 621 N Elm St, Marshville, NC, 28103 priced at $199,900 pairs $1,567/mo rent with $349/mo cash flow after a $978/mo payment. Total monthly income equals $1,567/mo, and annual cash flow comes to $4,189/yr on $66,267 invested. Return on cash invested is 26.23% in year one, and rental yield stands at 9.41% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 136.68% and total cumulative return in cash reaches $90,577. For financing, Ziffy Mortgage’s DSCR program evaluates $1,567/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1901
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28103, Marshville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,452 (100%) |
| Owner Occupied HU | 3,199 (71.9%) |
| Renter Occupied HU | 953 (21.4%) |
| Vacant Housing Units | 300 ( 6.7%) |
| Median Home Value | $334,148 |
| Average Home Value | $399,658 |
Housing Distribution
Address Breakdown
Residential
4,035
Single Family
4,035
Multi-Family
0
Businesses
275
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Listed by: Terry Gaddy • Central Carolina Real Estate Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4337317