6288 Culbert StHarrisburgNC28075
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 Harrisburg at 6288 Culbert St, Harrisburg, NC, 28075 priced at $430,000 converts $2,807/mo rent into $186/mo cash flow after a $2,105/mo obligation. Total monthly income equals $2,807/mo, and annual cash flow totals $2,232/yr on $142,545 invested. Return on cash invested prints 21.47% in year one, and rental yield reads 7.83% against a $430,000 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation compiles into $118,801 by year five. Five-year ROI reaches 111.1% and total cumulative return in cash sums $158,367. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,807/mo property income covering a $2,105/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28075, Harrisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,188 (100%) |
| Owner Occupied HU | 7,123 (87.0%) |
| Renter Occupied HU | 877 (10.7%) |
| Vacant Housing Units | 188 ( 2.3%) |
| Median Home Value | $459,896 |
| Average Home Value | $503,724 |
Housing Distribution
Address Breakdown
Residential
7,549
Single Family
7,549
Multi-Family
0
Businesses
761
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Listed by: Pamela McElroy • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328586