121 S Niblick CtAdvanceNC27006
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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 121 S Niblick Ct, Advance, NC, 27006 offers $3,918/mo rent that, after a $2,814/mo payment, leaves $414/mo cash flow. Total monthly income is $3,918/mo, and annual cash flow is $4,968/yr on $189,175 cash. Return on cash invested measures 22.69% in year one, and rental yield stands at 8.18% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 117.57% and total cumulative return in cash reaches $222,407. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,918/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.06 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: Delana Newsom • The Agency - Newsom Homes
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1187871
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