13238 State Highway 87 WTar HeelNC28392
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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
Investment property for sale in Tar Heel at 13238 State Highway 87 W, Tar Heel, NC, 28392 listed at $290,000 pairs $2,369/mo rent with a $1,419/mo payment to leave $602/mo cash flow. Total monthly income runs $2,369/mo, and annual cash flow reaches $7,224/yr on $96,135 cash to close. Return on cash invested measures 27.42% in year one, and rental yield registers 9.8% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 143% and total cumulative return in cash totals $137,476. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,369/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28392, Tar Heel, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 596 (100%) |
| Owner Occupied HU | 422 (70.8%) |
| Renter Occupied HU | 107 (18.0%) |
| Vacant Housing Units | 67 (11.2%) |
| Median Home Value | $109,596 |
| Average Home Value | $124,905 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
42
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Listed by: HEATH DETWEILER • DETWEILER REALTY, LLC.
Mls Name: LPRMLS
Mls ID: #756069