Devon Plan, RavensbrookCarthageNC28327
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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 Carthage at Devon Plan, Ravensbrook, Carthage, NC, 28327 generates $3,478/mo in rent and, after a $2,736/mo payment, leaves $71/mo in cash flow. Total monthly income is $3,478/mo, and annual cash flow is $854/yr on $183,911 invested. Return on cash invested sits at 20.52% in year one, and rental yield is 7.47% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 106.01% and total cumulative return in cash sums $194,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,478/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
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Listed by: N/A • The Ascot Corporation
Mls Name: The Ascot Corporation
Mls ID: #N/A