113 Conifer CtKingNC27021
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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 King at 113 Conifer Ct, King, NC, 27021 with 5% annual appreciation on a $225,000 basis while $1,903/mo rent supports operations. Total monthly income totals $1,903/mo and a $1,101/mo payment preserves $532/mo for cash returns. Annual cash flow comes to $6,384/yr on $74,588 deployed, and return on cash invested reaches 28.47% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 10.15%. Five-year ROI measures 148.62% and total cumulative return in cash totals $110,853.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,903/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27021, King, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 5,671 (70.6%) |
| Renter Occupied HU | 1,802 (22.4%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $214,443 |
| Average Home Value | $246,078 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
7,325
Multi-Family
203
Businesses
480
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Listed by: Brian Brockman • Williams & Williams Real Estate Auctions
Mls Name: My State MLS
Mls ID: #11501231