114 Ashford DrOlinNC28660
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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 Olin at 114 Ashford Dr, Olin, NC, 28660 uses $115,992 cash to close to unlock $565/yr annual cash flow and $47/mo monthly cash flow. Total monthly income runs $2,180/mo, and a $1,713/mo payment keeps the spread at $47/mo. Purchase price stands at $349,900, and rental yield measures 7.48% with $2,180/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 105.36% and total cumulative return in cash records $122,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,180/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
1.16 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: Deanna Gaither • Centralina Realty INC.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4271792