870 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
Investment property for sale in China Grove at 870 E State Highway 152, China Grove, NC, 28023 listed at $250,000 pairs $2,039/mo rent with a $1,224/mo payment to leave $515/mo cash flow. Total monthly income runs $2,039/mo, and annual cash flow reaches $6,180/yr on $82,875 cash to close. Return on cash invested measures 27.37% in year one, and rental yield registers 9.79% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 142.69% and total cumulative return in cash totals $118,258. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,039/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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Nearby investment properties with comparable prices
Listed by: Angie Miller • Genesis Realty Company
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332514