142 Swains Ln LOT 2BarcoNC27917
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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 Barco at 142 Swains Ln LOT 2, Barco, NC, 27917 priced at $289,900 converts $2,537/mo rent into $770/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,537/mo, and annual cash flow totals $9,241/yr on $96,102 invested. Return on cash invested prints 29.53% in year one, and rental yield reads 10.5% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 154.33% and total cumulative return in cash sums $148,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,537/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Manufactured
Built in 2004
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27917, Barco, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 396 (100%) |
| Owner Occupied HU | 224 (56.6%) |
| Renter Occupied HU | 120 (30.3%) |
| Vacant Housing Units | 52 (13.1%) |
| Median Home Value | $335,345 |
| Average Home Value | $325,045 |
Housing Distribution
Address Breakdown
Residential
257
Single Family
257
Multi-Family
0
Businesses
45
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Listed by: Carolyn H Bibeau • Carolyn Bibeau Real Estate Sales
Mls Name: OBAR
Mls Provider:
Mls ID: #125459
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.