167 Orchard LnParktonNC28371
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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 Parkton at 167 Orchard Ln, Parkton, NC, 28371 priced at $261,000 pairs $1,860/mo rent with $249/mo cash flow after a $1,277/mo payment. Total monthly income equals $1,860/mo, and annual cash flow comes to $2,988/yr on $86,522 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 8.55% on a $261,000 basis. Equity gained on principal adds $1,684/yr, and 5% annual appreciation accumulates to $72,109 by year five. Five-year ROI measures 121.31% and total cumulative return in cash reaches $104,959. For financing, Ziffy Mortgage’s DSCR program evaluates $1,860/mo property income against a $1,277/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
1.11 Acres lot
$N/A/sqft
$250 annually 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: REBEKAH EDENS • RE/MAX SIGNATURE REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733422
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.