7887 Iron RdSherrills FordNC28673
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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 Sherrills Ford at 7887 Iron Rd, Sherrills Ford, NC, 28673 priced at $370,755 converts $2,640/mo rent into $180/mo cash flow after a $1,815/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $2,161/yr on $122,905 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 8.54% against a $370,755 entry. Equity gained on principal adds $2,392/yr, while 5% annual appreciation compiles into $102,433 by year five. Five-year ROI reaches 112.88% and total cumulative return in cash sums $138,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,815/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
0.07 Acres lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28673, Sherrills Ford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,481 (100%) |
| Owner Occupied HU | 2,923 (65.2%) |
| Renter Occupied HU | 709 (15.8%) |
| Vacant Housing Units | 849 (18.9%) |
| Median Home Value | $465,312 |
| Average Home Value | $584,625 |
Housing Distribution
Address Breakdown
Residential
3,780
Single Family
3,780
Multi-Family
0
Businesses
172
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Nearby investment properties with comparable prices
Listed by: Bradford McQueen • DR Horton Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4188525
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)