190 Mitchells Chapel RdPittsboroNC27312
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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 Pittsboro at 190 Mitchells Chapel Rd, Pittsboro, NC, 27312 offers $2,068/mo rent that, after a $4,001/mo payment. Total monthly income is $2,068/mo. Return on cash invested measures 7.06% in year one, and rental yield stands at 3.04% at a $817,400 entry. Equity gained on principal adds $5,275/yr while 5% annual appreciation compounds into $225,833 by year five. Five-year ROI records 33.78% and total cumulative return in cash reaches $90,839. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,068/mo property income versus a $4,001/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
10.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Listed by: N/A • N/A
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