1496 The Parks DrPittsboroNC27312
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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 Pittsboro at 1496 The Parks Dr, Pittsboro, NC, 27312 listed at $695,000 pairs $4,451/mo rent with a $3,402/mo payment to leave $85/mo cash flow. Total monthly income runs $4,451/mo, and annual cash flow reaches $1,020/yr on $228,655 cash to close. Return on cash invested measures 20.51% in year one, and rental yield registers 7.69% at a $695,000 basis. Equity gained on principal adds $4,485/yr, and annual property appreciation at 5% supports $192,016 by year five. Five-year ROI tracks 106.13% and total cumulative return in cash totals $242,670. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,451/mo property income relative to a $3,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.35 Acres lot
$N/A/sqft
$390 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Listed by: Caroline Hudson • York Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10119882
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.