188 Old Towne DrBermuda RunNC27006
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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 Bermuda Run at 188 Old Towne Dr, Bermuda Run, NC, 27006 priced at $347,000 converts $2,528/mo rent into $414/mo cash flow after a $1,698/mo obligation. Total monthly income equals $2,528/mo, and annual cash flow totals $4,963/yr on $115,031 invested. Return on cash invested prints 24.22% in year one, and rental yield reads 8.74% against a $347,000 entry. Equity gained on principal adds $2,239/yr, while 5% annual appreciation compiles into $95,870 by year five. Five-year ROI reaches 125.86% and total cumulative return in cash sums $144,776. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,528/mo property income covering a $1,698/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
0.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27006, Advance, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,346 (100%) |
| Owner Occupied HU | 5,736 (78.1%) |
| Renter Occupied HU | 1,129 (15.4%) |
| Vacant Housing Units | 481 ( 6.5%) |
| Median Home Value | $350,623 |
| Average Home Value | $380,540 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
5,624
Multi-Family
1,298
Businesses
336
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Listed by: April Brim • Howard Hanna Allen Tate Oak Ridge Commons
Mls Name: Triad MLS
Mls ID: #1193133