114 Turnip Patch WayHillsboroughNC27278
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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 Hillsborough at 114 Turnip Patch Way, Hillsborough, NC, 27278 priced at $431,450 converts $2,445/mo rent into after a $2,112/mo obligation. Total monthly income equals $2,445/mo. Return on cash invested prints 18.36% in year one, and rental yield reads 6.8% against a $431,450 entry. Equity gained on principal adds $2,784/yr, while 5% annual appreciation compiles into $119,202 by year five. Five-year ROI reaches 94.43% and total cumulative return in cash sums $135,062. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,445/mo property income covering a $2,112/mo payment, not borrower’s personal income.
Townhouse
Built in 2018
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27278, Hillsborough, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,643 (100%) |
| Owner Occupied HU | 9,138 (72.3%) |
| Renter Occupied HU | 2,840 (22.5%) |
| Vacant Housing Units | 665 ( 5.3%) |
| Median Home Value | $475,921 |
| Average Home Value | $530,448 |
Housing Distribution
Address Breakdown
Residential
12,578
Single Family
11,703
Multi-Family
875
Businesses
960
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Listed by: Armand Lenchek • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10140263