703 Eastview DrAsheboroNC27203
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 Asheboro at 703 Eastview Dr, Asheboro, NC, 27203 priced at $169,900 pairs $1,331/mo rent with $295/mo cash flow after a $832/mo payment. Total monthly income equals $1,331/mo, and annual cash flow comes to $3,541/yr on $56,322 invested. Return on cash invested is 26.2% in year one, and rental yield stands at 9.4% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 136.53% and total cumulative return in cash reaches $76,898. For financing, Ziffy Mortgage’s DSCR program evaluates $1,331/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27203, Asheboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,058 (100%) |
| Owner Occupied HU | 4,270 (42.5%) |
| Renter Occupied HU | 4,969 (49.4%) |
| Vacant Housing Units | 819 ( 8.1%) |
| Median Home Value | $168,026 |
| Average Home Value | $198,809 |
Housing Distribution
Address Breakdown
Residential
9,513
Single Family
8,179
Multi-Family
1,334
Businesses
1,220
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: R. Tyler Wilhoit • Tyler Redhead & McAlister Real Estate, LLC
Mls Name: Triad MLS
Mls ID: #1202487