113 Forest DrCameronNC28326
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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 Cameron at 113 Forest Dr, Cameron, NC, 28326 uses $55,858 cash to close to unlock $7,162/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $1,624/mo, and a $825/mo payment keeps the spread at $597/mo. Purchase price stands at $168,500, and rental yield measures 11.57% with $1,624/mo rent. Return on cash invested shows 32.73% in year one, and 5% annual appreciation builds toward $46,553 over five years. Five-year ROI reaches 171.51% and total cumulative return in cash records $95,802. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,624/mo property income covering a $825/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28326, Cameron, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,680 (100%) |
| Owner Occupied HU | 5,518 (57.0%) |
| Renter Occupied HU | 3,339 (34.5%) |
| Vacant Housing Units | 823 ( 8.5%) |
| Median Home Value | $299,340 |
| Average Home Value | $324,720 |
Housing Distribution
Address Breakdown
Residential
9,269
Single Family
9,041
Multi-Family
228
Businesses
212
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Listed by: SHERRY ARNOLD • RE/MAX SOUTHERN PROPERTIES LLC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #732998
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.