176 Fire Tower RdOrrumNC28369
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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 Orrum at 176 Fire Tower Rd, Orrum, NC, 28369 with 5% annual appreciation on a $125,000 basis while $989/mo rent supports operations. Total monthly income totals $989/mo and a $612/mo payment preserves $227/mo for cash returns. Annual cash flow comes to $2,724/yr on $41,438 deployed, and return on cash invested reaches 26.48% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 9.49%. Five-year ROI measures 137.97% and total cumulative return in cash totals $57,173.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $989/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2023
3.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28369, Orrum, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 920 (100%) |
| Owner Occupied HU | 640 (69.6%) |
| Renter Occupied HU | 167 (18.2%) |
| Vacant Housing Units | 113 (12.3%) |
| Median Home Value | $103,500 |
| Average Home Value | $139,148 |
Housing Distribution
Address Breakdown
Residential
895
Single Family
895
Multi-Family
0
Businesses
18
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Listed by: KRISTIN BARFIELD • MAIN STREET REALTY INC.
Mls Name: LPRMLS
Mls ID: #752690