910 Summit Ridge RdPurlearNC28665
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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 Purlear at 910 Summit Ridge Rd, Purlear, NC, 28665 generates $1,286/mo in rent, after a $1,101/mo payment. Total monthly income is $1,286/mo. Return on cash invested sits at 18.54% in year one, and rental yield is 6.86% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 95.38% and total cumulative return in cash sums $71,145. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,286/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
20.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28665, Purlear, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,368 (100%) |
| Owner Occupied HU | 860 (62.9%) |
| Renter Occupied HU | 187 (13.7%) |
| Vacant Housing Units | 321 (23.5%) |
| Median Home Value | $205,952 |
| Average Home Value | $255,049 |
Housing Distribution
Address Breakdown
Residential
1,224
Single Family
1,224
Multi-Family
0
Businesses
27
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Listed by: Olivia Wright • ALBRICK
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329271