160 Tranquility LnHarmonyNC28634
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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 Harmony at 160 Tranquility Ln, Harmony, NC, 28634 uses $124,313 cash to close to unlock $468/yr annual cash flow and $39/mo monthly cash flow. Total monthly income runs $2,324/mo, and a $1,835/mo payment keeps the spread at $39/mo. Purchase price stands at $375,000, and rental yield measures 7.44% with $2,324/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 104.73% and total cumulative return in cash records $130,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,324/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28634, Harmony, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,274 (100%) |
| Owner Occupied HU | 1,608 (70.7%) |
| Renter Occupied HU | 413 (18.2%) |
| Vacant Housing Units | 253 (11.1%) |
| Median Home Value | $227,326 |
| Average Home Value | $355,816 |
Housing Distribution
Address Breakdown
Residential
2,182
Single Family
2,182
Multi-Family
0
Businesses
106
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Listed by: Wohali Revels • Excel Real Estate Group
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304351