124 Cameo LnParktonNC28371
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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 Parkton at 124 Cameo Ln, Parkton, NC, 28371 offers $1,860/mo rent that, after a $665/mo payment, leaves $1,032/mo cash flow. Total monthly income is $1,860/mo, and annual cash flow is $12,383/yr on $45,051 cash. Return on cash invested measures 47.4% in year one, and rental yield stands at 16.42% at a $135,900 entry. Equity gained on principal adds $877/yr while 5% annual appreciation compounds into $37,547 by year five. Five-year ROI records 250.08% and total cumulative return in cash reaches $112,663. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,860/mo property income versus a $665/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28371, Parkton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,814 (100%) |
| Owner Occupied HU | 1,822 (64.7%) |
| Renter Occupied HU | 740 (26.3%) |
| Vacant Housing Units | 252 ( 9.0%) |
| Median Home Value | $153,144 |
| Average Home Value | $179,734 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,823
Multi-Family
96
Businesses
69
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Listed by: DIXIE JACKSON MABE • EXIT REALTY PREFERRED
Mls Name: LPRMLS
Mls Provider:
Mls ID: #725026
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.