Lot 22-Fortis Farm Plan, Fortis Farms: Build On Your LotVassNC28394
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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 Vass at Lot 22-Fortis Farm Plan, Fortis Farms: Build On Your Lot, Vass, NC, 28394 offers $2,280/mo rent that, after a $4,268/mo payment. Total monthly income is $2,280/mo. Return on cash invested measures 7.37% in year one, and rental yield stands at 3.14% at a $872,000 entry. Equity gained on principal adds $5,627/yr while 5% annual appreciation compounds into $240,918 by year five. Five-year ROI records 35.43% and total cumulative return in cash reaches $101,645. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,280/mo property income versus a $4,268/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: 28394, Vass, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,826 (100%) |
| Owner Occupied HU | 1,900 (67.2%) |
| Renter Occupied HU | 616 (21.8%) |
| Vacant Housing Units | 310 (11.0%) |
| Median Home Value | $346,532 |
| Average Home Value | $432,871 |
Housing Distribution
Address Breakdown
Residential
2,565
Single Family
2,565
Multi-Family
0
Businesses
155
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Listed by: N/A • MFGC Inc
Mls Name: MFGC Inc
Mls Provider:
Mls ID: #N/A