753 Tobacco Branch RdAlmondNC28702
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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 Almond at 753 Tobacco Branch Rd, Almond, NC, 28702 priced at $399,000 converts $1,868/mo rent into after a $1,953/mo obligation. Total monthly income equals $1,868/mo. Return on cash invested prints 14.36% in year one, and rental yield reads 5.62% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 73.13% and total cumulative return in cash sums $96,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,868/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.41 Acres lot
$N/A/sqft
$575 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28702, Almond, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 431 (100%) |
| Owner Occupied HU | 159 (36.9%) |
| Renter Occupied HU | 39 ( 9.0%) |
| Vacant Housing Units | 233 (54.1%) |
| Median Home Value | $261,364 |
| Average Home Value | $306,368 |
Housing Distribution
Address Breakdown
Residential
236
Single Family
236
Multi-Family
0
Businesses
19
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Listed by: Brandi Hollifield • eXp Realty
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #148603
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.