6505 State Highway 231MiddlesexNC27557
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 Middlesex at 6505 State Highway 231, Middlesex, NC, 27557 generates $1,481/mo in rent and, after a $905/mo payment, leaves $354/mo in cash flow. Total monthly income is $1,481/mo, and annual cash flow is $4,249/yr on $61,294 invested. Return on cash invested sits at 26.84% in year one, and rental yield is 9.61% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 139.95% and total cumulative return in cash sums $85,783. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,481/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27557, Middlesex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,861 (100%) |
| Owner Occupied HU | 2,583 (66.9%) |
| Renter Occupied HU | 899 (23.3%) |
| Vacant Housing Units | 379 ( 9.8%) |
| Median Home Value | $220,885 |
| Average Home Value | $248,348 |
Housing Distribution
Address Breakdown
Residential
3,559
Single Family
3,534
Multi-Family
25
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beverly Knight • HomeTowne Realty Clayton East
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10025740
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