6595 State Highway 231MiddlesexNC27557
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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
Investment property for sale in Middlesex at 6595 State Highway 231, Middlesex, NC, 27557 offers a 8.64% rental yield on a $249,000 purchase with $1,792/mo rent. Total monthly income registers $1,792/mo, and a $1,219/mo payment leaves $274/mo available for distribution. Annual cash flow reaches $3,290/yr on $82,544 to close, and return on cash invested stands at 23.9% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 124.15% and total cumulative return in cash at $102,476. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,792/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
0.92 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
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Listed by: Megan Defibaugh • Keller Williams Realty
Mls Name: Doorify MLS
Mls ID: #10120945