9246 Highway 301HalifaxNC27839
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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 Halifax at 9246 Highway 301, Halifax, NC, 27839 uses $74,588 cash to close to unlock $11,040/yr annual cash flow and $920/mo monthly cash flow. Total monthly income runs $2,291/mo, and a $1,101/mo payment keeps the spread at $920/mo. Purchase price stands at $225,000, and rental yield measures 12.22% with $2,291/mo rent. Return on cash invested shows 34.71% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 182.07% and total cumulative return in cash records $135,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,291/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1968
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27839, Halifax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,427 (100%) |
| Owner Occupied HU | 875 (61.3%) |
| Renter Occupied HU | 257 (18.0%) |
| Vacant Housing Units | 295 (20.7%) |
| Median Home Value | $87,989 |
| Average Home Value | $162,220 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
1,030
Multi-Family
0
Businesses
128
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Listed by: Molly Harper • Heaton Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138243
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.