109 Macon CirNorlinaNC27563
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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 Norlina at 109 Macon Cir, Norlina, NC, 27563 offers $2,047/mo rent that, after a $1,468/mo payment, leaves $219/mo cash flow. Total monthly income is $2,047/mo, and annual cash flow is $2,628/yr on $99,450 cash. Return on cash invested measures 22.55% in year one, and rental yield stands at 8.19% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 116.89% and total cumulative return in cash reaches $116,244. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,047/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27563, Norlina, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,223 (55.1%) |
| Renter Occupied HU | 675 (30.4%) |
| Vacant Housing Units | 322 (14.5%) |
| Median Home Value | $121,843 |
| Average Home Value | $163,295 |
Housing Distribution
Address Breakdown
Residential
1,617
Single Family
1,617
Multi-Family
0
Businesses
105
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Listed by: Terry Garrison • Tegarris Assoc. Realty
Mls Name: Doorify MLS
Mls ID: #10107084