104 Willies LnOlinNC28660
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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 Olin at 104 Willies Ln, Olin, NC, 28660 priced at $315,000 converts $2,274/mo rent into $354/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $4,248/yr on $104,423 invested. Return on cash invested prints 23.98% in year one, and rental yield reads 8.66% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 124.52% and total cumulative return in cash sums $130,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28660, Olin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,006 (100%) |
| Owner Occupied HU | 723 (71.9%) |
| Renter Occupied HU | 204 (20.3%) |
| Vacant Housing Units | 79 ( 7.9%) |
| Median Home Value | $293,015 |
| Average Home Value | $394,692 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
22
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Listed by: Jessica Rodriguez • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331879