702 W Main StBensonNC27504
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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 Benson at 702 W Main St, Benson, NC, 27504 priced at $249,900 converts $1,560/mo rent into $37/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,560/mo, and annual cash flow totals $445/yr on $82,842 invested. Return on cash invested prints 20.45% in year one, and rental yield reads 7.49% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 105.66% and total cumulative return in cash sums $87,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1927
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27504, Benson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,748 (100%) |
| Owner Occupied HU | 6,119 (69.9%) |
| Renter Occupied HU | 1,924 (22.0%) |
| Vacant Housing Units | 705 ( 8.1%) |
| Median Home Value | $264,067 |
| Average Home Value | $305,612 |
Housing Distribution
Address Breakdown
Residential
7,929
Single Family
7,749
Multi-Family
180
Businesses
621
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Listed by: Gail Adams • RE/MAX Signature Realty
Mls Name: Doorify MLS
Mls ID: #10112401