156 Kerri Dawn LnLocustNC28097
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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 Locust at 156 Kerri Dawn Ln, Locust, NC, 28097 with 5% annual appreciation on a $384,000 basis while $2,615/mo rent supports operations. Total monthly income totals $2,615/mo and a $1,879/mo payment preserves $275/mo for cash returns. Annual cash flow comes to $3,302/yr on $127,296 deployed, and return on cash invested reaches 22.5% in year one. Equity gained on principal adds $2,478/yr, and five-year appreciation sums $106,092 alongside rental yield of 8.17%. Five-year ROI measures 116.65% and total cumulative return in cash totals $148,496.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,615/mo property income versus a $1,879/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
0.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: Kate Little • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280179