117 Thomas AveOakboroNC28129
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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 Oakboro at 117 Thomas Ave, Oakboro, NC, 28129 offers a 9.47% rental yield on a $100,000 purchase with $789/mo rent. Total monthly income registers $789/mo, and a $489/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,160/yr on $33,150 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 137.64% and total cumulative return in cash at $45,628. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $789/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28129, Oakboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,752 (100%) |
| Owner Occupied HU | 2,087 (75.8%) |
| Renter Occupied HU | 465 (16.9%) |
| Vacant Housing Units | 200 ( 7.3%) |
| Median Home Value | $281,548 |
| Average Home Value | $320,759 |
Housing Distribution
Address Breakdown
Residential
2,476
Single Family
2,476
Multi-Family
0
Businesses
139
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Listed by: Lago Weaver • Mark Spain Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326640