6239 Benfields Landing RdNeboNC28761
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 Nebo at 6239 Benfields Landing Rd, Nebo, NC, 28761 priced at $207,000 converts $1,854/mo rent into $593/mo cash flow after a $1,013/mo obligation. Total monthly income equals $1,854/mo, and annual cash flow totals $7,111/yr on $68,621 invested. Return on cash invested prints 30.27% in year one, and rental yield reads 10.75% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 158.33% and total cumulative return in cash sums $108,646. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,854/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28761, Nebo, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,457 (100%) |
| Owner Occupied HU | 2,949 (66.2%) |
| Renter Occupied HU | 664 (14.9%) |
| Vacant Housing Units | 844 (18.9%) |
| Median Home Value | $249,932 |
| Average Home Value | $339,791 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
4,033
Multi-Family
0
Businesses
117
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Listed by: Jerry King • Williams & Williams Real Estate Auctions
Mls Name: My State MLS
Mls ID: #11292478