657 Old Fort RdFairviewNC28730
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 Fairview at 657 Old Fort Rd, Fairview, NC, 28730 priced at $180,000 converts $1,382/mo rent into $285/mo cash flow after a $881/mo obligation. Total monthly income equals $1,382/mo, and annual cash flow totals $3,420/yr on $59,670 invested. Return on cash invested prints 25.64% in year one, and rental yield reads 9.21% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 133.42% and total cumulative return in cash sums $79,613. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,382/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1939
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28730, Fairview, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,747 (100%) |
| Owner Occupied HU | 3,312 (69.8%) |
| Renter Occupied HU | 852 (17.9%) |
| Vacant Housing Units | 583 (12.3%) |
| Median Home Value | $541,967 |
| Average Home Value | $599,155 |
Housing Distribution
Address Breakdown
Residential
4,297
Single Family
4,297
Multi-Family
0
Businesses
273
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Listed by: Rachel Sudnik • GreyBeard Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4328263