115 Canady RdParktonNC28371
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Nearby investment properties with comparable prices
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 Parkton at 115 Canady Rd, Parkton, NC, 28371 priced at $255,000 converts $1,720/mo rent into $166/mo cash flow after a $1,248/mo obligation. Total monthly income equals $1,720/mo, and annual cash flow totals $1,992/yr on $84,533 invested. Return on cash invested prints 22.27% in year one, and rental yield reads 8.09% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 115.35% and total cumulative return in cash sums $97,508. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,720/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28371, Parkton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,814 (100%) |
| Owner Occupied HU | 1,822 (64.7%) |
| Renter Occupied HU | 740 (26.3%) |
| Vacant Housing Units | 252 ( 9.0%) |
| Median Home Value | $153,144 |
| Average Home Value | $179,734 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,823
Multi-Family
96
Businesses
69
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Listed by: HERITAGE HOMES GROUP POWERED BY KELLER WILLIAMS • KELLER WILLIAMS REALTY (FAYETTEVILLE)
Mls Name: LPRMLS
Mls ID: #750885