120 Carrington AveFranklintonNC27525
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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 Franklinton at 120 Carrington Ave, Franklinton, NC, 27525 with 5% annual appreciation on a $340,000 basis while $2,233/mo rent supports operations. Total monthly income totals $2,233/mo and a $1,664/mo payment preserves $161/mo for cash returns. Annual cash flow comes to $1,932/yr on $112,710 deployed, and return on cash invested reaches 21.62% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 7.88%. Five-year ROI measures 111.89% and total cumulative return in cash totals $126,114.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,233/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27525, Franklinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,436 (100%) |
| Owner Occupied HU | 6,513 (77.2%) |
| Renter Occupied HU | 1,460 (17.3%) |
| Vacant Housing Units | 463 ( 5.5%) |
| Median Home Value | $299,711 |
| Average Home Value | $319,419 |
Housing Distribution
Address Breakdown
Residential
7,989
Single Family
7,893
Multi-Family
96
Businesses
271
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Listed by: Stacey Delgado • Redfin Corporation
Mls Name: Doorify MLS
Mls ID: #10114174