103 Edinburgh DriveCarthageNC28327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 103 Edinburgh Drive, Carthage, NC, 28327 priced at $450,000 pairs $2,750/mo rent with $7/mo cash flow after a $2,203/mo payment. Total monthly income equals $2,750/mo, and annual cash flow comes to $84/yr on $149,175 invested. Return on cash invested is 19.97% in year one, and rental yield stands at 7.33% on a $450,000 basis. Equity gained on principal adds $2,904/yr, and 5% annual appreciation accumulates to $124,327 by year five. Five-year ROI measures 103.01% and total cumulative return in cash reaches $153,666. For financing, Ziffy Mortgage’s DSCR program evaluates $2,750/mo property income against a $2,203/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
1.56 Acres 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: Ashley McKinney • Premier Real Estate of the Sandhills LLC
Mls Name: Hive MLS
Mls ID: #100543435