117 Lonetree CirAdvanceNC27006
Nearby investment properties with comparable rents
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 Advance at 117 Lonetree Cir, Advance, NC, 27006 priced at $435,000 pairs $2,895/mo rent with $244/mo cash flow after a $2,129/mo payment. Total monthly income equals $2,895/mo, and annual cash flow comes to $2,928/yr on $144,203 invested. Return on cash invested is 21.94% in year one, and rental yield stands at 7.99% on a $435,000 basis. Equity gained on principal adds $2,807/yr, and 5% annual appreciation accumulates to $120,182 by year five. Five-year ROI measures 113.59% and total cumulative return in cash reaches $163,800. For financing, Ziffy Mortgage’s DSCR program evaluates $2,895/mo property income against a $2,129/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27006, Advance, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,346 (100%) |
| Owner Occupied HU | 5,736 (78.1%) |
| Renter Occupied HU | 1,129 (15.4%) |
| Vacant Housing Units | 481 ( 6.5%) |
| Median Home Value | $350,623 |
| Average Home Value | $380,540 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
5,624
Multi-Family
1,298
Businesses
336
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raul Gonzalez • Realty of Charlotte
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329754