708 Redah AveLocustNC28097
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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 Locust at 708 Redah Ave, Locust, NC, 28097 earns from $2,426/mo rent with a $1,982/mo payment. Total monthly income totals $2,426/mo. ROI tracks 19.53% on current figures, and rental yield reads 7.19% at a $405,000 purchase. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 over five years. Five-year ROI reaches 100.7% and total cumulative return in cash sums $135,194. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,426/mo property income instead of your personal income.
Single Family
Built in 2005
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: Kevin Moore • Real Broker, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4311073