118 Carters Ridge RdAdvanceNC27006
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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 Advance at 118 Carters Ridge Rd, Advance, NC, 27006 generates $2,495/mo in rent and, after a $1,419/mo payment, leaves $728/mo in cash flow. Total monthly income is $2,495/mo, and annual cash flow is $8,737/yr on $96,102 invested. Return on cash invested sits at 29% in year one, and rental yield is 10.33% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 151.51% and total cumulative return in cash sums $145,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,495/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
1.05 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
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Listed by: Debbie Wilkes • Premier Realty NC
Mls Name: Triad MLS
Mls ID: #1206795