1002 Andrea PlIndian TrailNC28079
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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 Indian Trail at 1002 Andrea Pl, Indian Trail, NC, 28079 uses $132,269 cash to close to unlock $2,402/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $2,632/mo, and a $1,953/mo payment keeps the spread at $200/mo. Purchase price stands at $399,000, and rental yield measures 7.92% with $2,632/mo rent. Return on cash invested shows 21.73% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 112.47% and total cumulative return in cash records $148,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,632/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28079, Indian Trail, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,681 (100%) |
| Owner Occupied HU | 12,575 (80.2%) |
| Renter Occupied HU | 2,629 (16.8%) |
| Vacant Housing Units | 477 ( 3.0%) |
| Median Home Value | $397,170 |
| Average Home Value | $459,396 |
Housing Distribution
Address Breakdown
Residential
16,142
Single Family
15,637
Multi-Family
505
Businesses
1,480
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Listed by: Garry Edwards • Keller Williams Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315744