9030 State Highway 22 NClimaxNC27233
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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 Climax at 9030 State Highway 22 N, Climax, NC, 27233 generates $1,385/mo in rent and, after a $734/mo payment, leaves $471/mo in cash flow. Total monthly income is $1,385/mo, and annual cash flow is $5,652/yr on $49,725 invested. Return on cash invested sits at 31.28% in year one, and rental yield is 11.08% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 163.66% and total cumulative return in cash sums $81,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,385/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
2.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27233, Climax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,398 (100%) |
| Owner Occupied HU | 1,143 (81.8%) |
| Renter Occupied HU | 210 (15.0%) |
| Vacant Housing Units | 45 ( 3.2%) |
| Median Home Value | $288,678 |
| Average Home Value | $342,526 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
63
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Listed by: Kelly Wirt • Kelly Wirt Realty Group
Mls Name: Triad MLS
Mls ID: #1191854