10 Pine Tree Road # 211PinehurstNC28374
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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 Pinehurst at 10 Pine Tree Road # 211, Pinehurst, NC, 28374 offers a 8% rental yield on a $270,000 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,322/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,848/yr on $89,505 to close, and return on cash invested stands at 21.97% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 113.79% and total cumulative return in cash at $101,845. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28374, Pinehurst, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,441 (100%) |
| Owner Occupied HU | 7,889 (69.0%) |
| Renter Occupied HU | 1,801 (15.7%) |
| Vacant Housing Units | 1,751 (15.3%) |
| Median Home Value | $499,597 |
| Average Home Value | $589,795 |
Housing Distribution
Address Breakdown
Residential
9,306
Single Family
9,258
Multi-Family
48
Businesses
678
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Listed by: Deborah J Leonard • Coldwell Banker Advantage-Southern Pines
Mls Name: Hive MLS
Mls ID: #100543399