75 Clarkland Village StreetElizabethtownNC28337
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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 Elizabethtown at 75 Clarkland Village Street, Elizabethtown, NC, 28337 uses $66,267 cash to close to unlock $1,237/yr annual cash flow and $103/mo monthly cash flow. Total monthly income runs $1,321/mo, and a $978/mo payment keeps the spread at $103/mo. Purchase price stands at $199,900, and rental yield measures 7.93% with $1,321/mo rent. Return on cash invested shows 21.78% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 112.8% and total cumulative return in cash records $74,749. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,321/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1960
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28337, Elizabethtown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,345 (100%) |
| Owner Occupied HU | 2,624 (49.1%) |
| Renter Occupied HU | 1,358 (25.4%) |
| Vacant Housing Units | 1,363 (25.5%) |
| Median Home Value | $234,913 |
| Average Home Value | $263,846 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
4,078
Multi-Family
121
Businesses
476
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Listed by: Cassie B Hill • Tatum Realty LLC
Mls Name: Hive MLS
Mls ID: #100551429