795 Patterson RdBroadwayNC27505
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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 Broadway at 795 Patterson Rd, Broadway, NC, 27505 with 5% annual appreciation on a $289,900 basis while $1,765/mo rent supports operations. 89% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,094 alongside rental yield of 7.31%. Five-year ROI measures 102.64% and total cumulative return in cash totals $98,637. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,765/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2001
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27505, Broadway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 2,188 (70.6%) |
| Renter Occupied HU | 686 (22.1%) |
| Vacant Housing Units | 227 ( 7.3%) |
| Median Home Value | $275,114 |
| Average Home Value | $275,680 |
Housing Distribution
Address Breakdown
Residential
2,804
Single Family
2,804
Multi-Family
0
Businesses
95
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Listed by: JEAN NIPPER • NIPPER PROPERTIES
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740512
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.