628 Farrar AveHendersonNC27536
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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 Henderson at 628 Farrar Ave, Henderson, NC, 27536 generates $1,048/mo in rent and, after a $675/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,048/mo, and annual cash flow is $2,489/yr on $45,747 invested. Return on cash invested sits at 25.35% in year one, and rental yield is 9.11% on a $138,000 entry. Equity gained on principal adds $890/yr, while 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 131.98% and total cumulative return in cash sums $60,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,048/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27536, Henderson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,434 (100%) |
| Owner Occupied HU | 2,670 (35.9%) |
| Renter Occupied HU | 3,913 (52.6%) |
| Vacant Housing Units | 851 (11.4%) |
| Median Home Value | $137,313 |
| Average Home Value | $179,512 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,028
Multi-Family
860
Businesses
1,116
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Listed by: Terry Garrison • Tegarris Assoc. Realty
Mls Name: Doorify MLS
Mls ID: #10131561