708 Ferndale DrThomasvilleNC27360
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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 Thomasville at 708 Ferndale Dr, Thomasville, NC, 27360 generates $1,796/mo in rent and, after a $1,211/mo payment, leaves $288/mo in cash flow. Total monthly income is $1,796/mo, and annual cash flow is $3,456/yr on $82,046 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 8.71% on a $247,500 entry. Equity gained on principal adds $1,597/yr, while 5% annual appreciation builds toward $68,380 over five years. Five-year ROI reaches 125.29% and total cumulative return in cash sums $102,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,796/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27360, Thomasville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,717 (100%) |
| Owner Occupied HU | 13,122 (63.3%) |
| Renter Occupied HU | 6,131 (29.6%) |
| Vacant Housing Units | 1,464 ( 7.1%) |
| Median Home Value | $224,747 |
| Average Home Value | $265,283 |
Housing Distribution
Address Breakdown
Residential
20,241
Single Family
20,013
Multi-Family
228
Businesses
1,293
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Listed by: Stratton Goins • Hepler Realty
Mls Name: Triad MLS
Mls ID: #1203238