797 Latrobe DrIron StationNC28080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Iron Station at 797 Latrobe Dr, Iron Station, NC, 28080 offers $2,758/mo rent that, after a $2,055/mo payment, leaves $199/mo cash flow. Total monthly income is $2,758/mo, and annual cash flow is $2,389/yr on $139,197 cash. Return on cash invested measures 21.63% in year one, and rental yield stands at 7.88% at a $419,900 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,011 by year five. Five-year ROI records 111.95% and total cumulative return in cash reaches $155,832. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,758/mo property income versus a $2,055/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: Anna Wiseman • RE/MAX Lifestyle
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310053