104 W Locke Level DrKenlyNC27542
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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 Kenly at 104 W Locke Level Dr, Kenly, NC, 27542 generates $1,456/mo in rent and, after a $1,003/mo payment, leaves $207/mo in cash flow. Total monthly income is $1,456/mo, and annual cash flow is $2,484/yr on $67,958 invested. Return on cash invested sits at 23.56% in year one, and rental yield is 8.52% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 122.31% and total cumulative return in cash sums $83,118. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,456/mo property income rather than buyer’s personal income.
Manufactured
Built in 2009
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27542, Kenly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,411 (100%) |
| Owner Occupied HU | 2,955 (67.0%) |
| Renter Occupied HU | 1,039 (23.6%) |
| Vacant Housing Units | 417 ( 9.5%) |
| Median Home Value | $229,144 |
| Average Home Value | $271,400 |
Housing Distribution
Address Breakdown
Residential
3,844
Single Family
3,844
Multi-Family
0
Businesses
188
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Listed by: Andrea Andrado Ochoa • Collective Realty LLC
Mls Name: Doorify MLS
Mls ID: #10109936