815 Old Cherry RdCreswellNC27928
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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 Creswell at 815 Old Cherry Rd, Creswell, NC, 27928 generates $1,759/mo in rent, after a $1,591/mo payment. Total monthly income is $1,759/mo. Return on cash invested sits at 17.44% in year one, and rental yield is 6.49% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 89.44% and total cumulative return in cash sums $96,361. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,759/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27928, Creswell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 989 (100%) |
| Owner Occupied HU | 567 (57.3%) |
| Renter Occupied HU | 162 (16.4%) |
| Vacant Housing Units | 260 (26.3%) |
| Median Home Value | $197,669 |
| Average Home Value | $247,870 |
Housing Distribution
Address Breakdown
Residential
693
Single Family
693
Multi-Family
0
Businesses
63
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Listed by: KieSharra Moore • eXp Realty
Mls Name: Triad MLS
Mls ID: #1204765