1423 Davis RdHillsboroughNC27278
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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 Hillsborough at 1423 Davis Rd, Hillsborough, NC, 27278 generates $3,109/mo in rent and, after a $2,442/mo payment, leaves $68/mo in cash flow. Total monthly income is $3,109/mo, and annual cash flow is $820/yr on $165,385 invested. Return on cash invested sits at 20.4% in year one, and rental yield is 7.48% on a $498,900 entry. Equity gained on principal adds $3,219/yr, while 5% annual appreciation builds toward $137,837 over five years. Five-year ROI reaches 105.39% and total cumulative return in cash sums $174,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,109/mo property income rather than buyer’s personal income.
Multi Family
Built in 1984
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27278, Hillsborough, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,643 (100%) |
| Owner Occupied HU | 9,138 (72.3%) |
| Renter Occupied HU | 2,840 (22.5%) |
| Vacant Housing Units | 665 ( 5.3%) |
| Median Home Value | $475,921 |
| Average Home Value | $530,448 |
Housing Distribution
Address Breakdown
Residential
12,578
Single Family
11,703
Multi-Family
875
Businesses
960
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Listed by: Armand Lenchek • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10121056