712 W J StErwinNC28339
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
Investment property for sale in Erwin at 712 W J St, Erwin, NC, 28339 at $260,000 posts ROI 24.46% with $327/mo cash flow from $1,912/mo rent. Total monthly income equals $1,912/mo, and annual cash flow records $3,924/yr on $86,190 to close. Return on cash invested measures 24.46% and rental yield reads 8.82% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 127.12% and total cumulative return in cash totals $109,565.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,912/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
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Listed by: GAIL ADAMS • RE/MAX SIGNATURE REALTY
Mls Name: LPRMLS
Mls ID: #754327