653 Lower River RdBroadwayNC27505
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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 Broadway at 653 Lower River Rd, Broadway, NC, 27505 offers $872/mo rent that, after a $541/mo payment, leaves $166/mo cash flow. Total monthly income is $872/mo, and annual cash flow is $1,992/yr on $36,631 cash. Return on cash invested measures 25.35% in year one, and rental yield stands at 9.47% at a $110,500 entry. Equity gained on principal adds $713/yr while 5% annual appreciation compounds into $30,529 by year five. Five-year ROI records 132.28% and total cumulative return in cash reaches $48,457. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $872/mo property income versus a $541/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27505, Broadway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 2,188 (70.6%) |
| Renter Occupied HU | 686 (22.1%) |
| Vacant Housing Units | 227 ( 7.3%) |
| Median Home Value | $275,114 |
| Average Home Value | $275,680 |
Housing Distribution
Address Breakdown
Residential
2,804
Single Family
2,804
Multi-Family
0
Businesses
95
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Listed by: DANNY DAVIS JR • BHHS ALL AMERICAN HOMES #1
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742676
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.