Gideon Plan, StreamsideRed CrossNC28097
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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 Red Cross at Gideon Plan, Streamside, Red Cross, NC, 28097 offers $2,615/mo rent that, after a $1,867/mo payment, leaves $290/mo cash flow. Total monthly income is $2,615/mo, and annual cash flow is $3,484/yr on $126,434 cash. Return on cash invested measures 22.66% in year one, and rental yield stands at 8.23% at a $381,400 entry. Equity gained on principal adds $2,461/yr while 5% annual appreciation compounds into $105,374 by year five. Five-year ROI records 117.52% and total cumulative return in cash reaches $148,580. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,615/mo property income versus a $1,867/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: N/A • True Homes
Mls Name: True Homes
Mls Provider:
Mls ID: #N/A