189 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 189 Orchard Ln, Parkton, NC, 28371 priced at $253,000 converts $1,860/mo rent into $298/mo cash flow after a $1,238/mo obligation. Total monthly income equals $1,860/mo, and annual cash flow totals $3,571/yr on $83,870 invested. Return on cash invested prints 24.17% in year one, and rental yield reads 8.82% against a $253,000 entry. Equity gained on principal adds $1,633/yr, while 5% annual appreciation compiles into $69,899 by year five. Five-year ROI reaches 125.66% and total cumulative return in cash sums $105,388. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,860/mo property income covering a $1,238/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.85 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: #731787
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.