9187 Ramsey StLindenNC28356
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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 Linden at 9187 Ramsey St, Linden, NC, 28356 generates $2,354/mo in rent and, after a $1,468/mo payment, leaves $526/mo in cash flow. Total monthly income is $2,354/mo, and annual cash flow is $6,312/yr on $99,450 invested. Return on cash invested sits at 26.26% in year one, and rental yield is 9.42% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 136.74% and total cumulative return in cash sums $135,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,354/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28356, Linden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,390 (100%) |
| Owner Occupied HU | 1,766 (73.9%) |
| Renter Occupied HU | 439 (18.4%) |
| Vacant Housing Units | 185 ( 7.7%) |
| Median Home Value | $302,226 |
| Average Home Value | $313,153 |
Housing Distribution
Address Breakdown
Residential
2,165
Single Family
2,165
Multi-Family
0
Businesses
48
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Listed by: CJ Jones • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10141882