850 E State Highway 152China GroveNC28023
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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 China Grove at 850 E State Highway 152, China Grove, NC, 28023 generates $779/mo in rent and, after a $489/mo payment, leaves $170/mo in cash flow. Total monthly income is $779/mo, and annual cash flow is $2,040/yr on $33,150 invested. Return on cash invested sits at 26.06% in year one, and rental yield is 9.35% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 135.69% and total cumulative return in cash sums $44,980. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $779/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Listed by: Angie Miller • Genesis Realty Company
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332519