121 Haystack LnOlinNC28660
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 Olin at 121 Haystack Ln, Olin, NC, 28660 priced at $270,000 pairs $2,417/mo rent with $771/mo cash flow after a $1,322/mo payment. Total monthly income equals $2,417/mo, and annual cash flow comes to $9,252/yr on $89,505 invested. Return on cash invested is 30.25% in year one, and rental yield stands at 10.74% on a $270,000 basis. Equity gained on principal adds $1,742/yr, and 5% annual appreciation accumulates to $74,596 by year five. Five-year ROI measures 158.15% and total cumulative return in cash reaches $141,553. For financing, Ziffy Mortgage’s DSCR program evaluates $2,417/mo property income against a $1,322/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1997
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28660, Olin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,006 (100%) |
| Owner Occupied HU | 723 (71.9%) |
| Renter Occupied HU | 204 (20.3%) |
| Vacant Housing Units | 79 ( 7.9%) |
| Median Home Value | $293,015 |
| Average Home Value | $394,692 |
Housing Distribution
Address Breakdown
Residential
920
Single Family
920
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kalynn Bustle • Three & Co
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326570