127 Lantern WayCarrboroNC27510
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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 Carrboro at 127 Lantern Way, Carrboro, NC, 27510 priced at $250,000 converts $1,871/mo rent into $347/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,871/mo, and annual cash flow totals $4,164/yr on $82,875 invested. Return on cash invested prints 24.93% in year one, and rental yield reads 8.98% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 129.63% and total cumulative return in cash sums $107,434. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,871/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27510, Carrboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,562 (100%) |
| Owner Occupied HU | 1,960 (25.9%) |
| Renter Occupied HU | 5,229 (69.1%) |
| Vacant Housing Units | 373 ( 4.9%) |
| Median Home Value | $472,323 |
| Average Home Value | $507,006 |
Housing Distribution
Address Breakdown
Residential
7,542
Single Family
4,726
Multi-Family
2,816
Businesses
753
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Listed by: Elizabeth Barry • Inhabit Real Estate
Mls Name: Doorify MLS
Mls ID: #10123920