113 Lilly Rd LOT A2South MillsNC27976
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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 South Mills at 113 Lilly Rd LOT A2, South Mills, NC, 27976 offers $2,882/mo rent that, after a $2,121/mo payment, leaves $241/mo cash flow. Total monthly income is $2,882/mo, and annual cash flow is $2,893/yr on $143,635 cash. Return on cash invested measures 21.92% in year one, and rental yield stands at 7.98% at a $433,289 entry. Equity gained on principal adds $2,796/yr while 5% annual appreciation compounds into $119,710 by year five. Five-year ROI records 113.54% and total cumulative return in cash reaches $163,083. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,882/mo property income versus a $2,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: Kim Old • BHHS RW Towne Realty - Moyock
Mls Name: OBAR
Mls Provider:
Mls ID: #125811
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.