624 Sherrod HeightsEnfieldNC27823
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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 Enfield at 624 Sherrod Heights, Enfield, NC, 27823 at $278,000 posts ROI 22.91% with $230/mo cash flow from $1,925/mo rent. Total monthly income equals $1,925/mo, and annual cash flow records $2,765/yr on $92,157 to close. Return on cash invested measures 22.91% and rental yield reads 8.31% at the current $278,000. Equity gained on principal adds $1,794/yr, and 5% annual appreciation supports $76,806 by year five. Five-year ROI prints 118.82% and total cumulative return in cash totals $109,505.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,925/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27823, Enfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,370 (100%) |
| Owner Occupied HU | 1,698 (50.4%) |
| Renter Occupied HU | 923 (27.4%) |
| Vacant Housing Units | 749 (22.2%) |
| Median Home Value | $95,455 |
| Average Home Value | $151,708 |
Housing Distribution
Address Breakdown
Residential
2,851
Single Family
2,826
Multi-Family
25
Businesses
177
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Listed by: Sterling Grimes • Foote Real Estate LLC
Mls Name: Hive MLS
Mls ID: #100544680