860 Nelson StHendersonNC27536
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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 Henderson at 860 Nelson St, Henderson, NC, 27536 priced at $175,000 converts $1,348/mo rent into $281/mo cash flow after a $857/mo obligation. Total monthly income equals $1,348/mo, and annual cash flow totals $3,372/yr on $58,013 invested. Return on cash invested prints 25.72% in year one, and rental yield reads 9.24% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 133.89% and total cumulative return in cash sums $77,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,348/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1970
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27536, Henderson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,434 (100%) |
| Owner Occupied HU | 2,670 (35.9%) |
| Renter Occupied HU | 3,913 (52.6%) |
| Vacant Housing Units | 851 (11.4%) |
| Median Home Value | $137,313 |
| Average Home Value | $179,512 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
6,028
Multi-Family
860
Businesses
1,116
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Listed by: Nathan A Watson • Northern Point Realty
Mls Name: Doorify MLS
Mls ID: #10139146