7235 Ledbetter RdClimaxNC27233
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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 Climax at 7235 Ledbetter Rd, Climax, NC, 27233 uses $160,778 cash to close to unlock $1,260/yr annual cash flow and $105/mo monthly cash flow. Total monthly income runs $3,061/mo, and a $2,374/mo payment keeps the spread at $105/mo. Purchase price stands at $485,000, and rental yield measures 7.57% with $3,061/mo rent. Return on cash invested shows 20.69% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 106.91% and total cumulative return in cash records $171,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,061/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1978
3.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27233, Climax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,398 (100%) |
| Owner Occupied HU | 1,143 (81.8%) |
| Renter Occupied HU | 210 (15.0%) |
| Vacant Housing Units | 45 ( 3.2%) |
| Median Home Value | $288,678 |
| Average Home Value | $342,526 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
63
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Listed by: Andrea Wilhelm • The Art of Southern Realty, Inc
Mls Name: Triad MLS
Mls ID: #1199574