124 Racquet LanePinehurstNC28374
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
Investment property for sale in Pinehurst at 124 Racquet Lane, Pinehurst, NC, 28374 with 5% annual appreciation on a $290,000 basis while $2,248/mo rent supports operations. Total monthly income totals $2,248/mo and a $1,419/mo payment preserves $481/mo for cash returns. Annual cash flow comes to $5,772/yr on $96,135 deployed, and return on cash invested reaches 25.91% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,122 alongside rental yield of 9.3%. Five-year ROI measures 134.9% and total cumulative return in cash totals $129,688.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,248/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28374, Pinehurst, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,441 (100%) |
| Owner Occupied HU | 7,889 (69.0%) |
| Renter Occupied HU | 1,801 (15.7%) |
| Vacant Housing Units | 1,751 (15.3%) |
| Median Home Value | $499,597 |
| Average Home Value | $589,795 |
Housing Distribution
Address Breakdown
Residential
9,306
Single Family
9,258
Multi-Family
48
Businesses
678
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam Valle • Redfin Corporation
Mls Name: Hive MLS
Mls ID: #100546193