1606 Racehorse CtParktonNC28371
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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 Parkton at 1606 Racehorse Ct, Parkton, NC, 28371 earns $419/mo cash flow from $2,815/mo rent with a $1,924/mo payment. Total monthly income totals $2,815/mo, and annual cash flow totals $5,033/yr on $130,278 capital. ROI tracks 23.77% on current figures, and rental yield reads 8.6% at a $392,995 purchase. Equity gained on principal adds $2,536/yr, and 5% annual appreciation supports $108,577 over five years. Five-year ROI reaches 123.45% and total cumulative return in cash sums $160,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,815/mo property income instead of your personal income.
Single Family
Built in 2011
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28371, Parkton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,814 (100%) |
| Owner Occupied HU | 1,822 (64.7%) |
| Renter Occupied HU | 740 (26.3%) |
| Vacant Housing Units | 252 ( 9.0%) |
| Median Home Value | $153,144 |
| Average Home Value | $179,734 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,823
Multi-Family
96
Businesses
69
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Listed by: STEFANIE PORTER • EXP REALTY LLC
Mls Name: LPRMLS
Mls ID: #756501