960 Lee StAsheboroNC27203
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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 Asheboro at 960 Lee St, Asheboro, NC, 27203 earns $353/mo cash flow from $1,408/mo rent with a $847/mo payment. Total monthly income totals $1,408/mo, and annual cash flow totals $4,241/yr on $57,350 capital. ROI tracks 27.3% on current figures, and rental yield reads 9.77% at a $173,000 purchase. Equity gained on principal adds $1,116/yr, and 5% annual appreciation supports $47,797 over five years. Five-year ROI reaches 142.42% and total cumulative return in cash sums $81,675. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,408/mo property income instead of your personal income.
Single Family
Built in 1940
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27203, Asheboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,058 (100%) |
| Owner Occupied HU | 4,270 (42.5%) |
| Renter Occupied HU | 4,969 (49.4%) |
| Vacant Housing Units | 819 ( 8.1%) |
| Median Home Value | $168,026 |
| Average Home Value | $198,809 |
Housing Distribution
Address Breakdown
Residential
9,513
Single Family
8,179
Multi-Family
1,334
Businesses
1,220
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Listed by: Paula Marie Fields • My Favorite Realty, Inc
Mls Name: Triad MLS
Mls ID: #1202949