198 Welcome LnOttoNC28763
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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 Otto at 198 Welcome Ln, Otto, NC, 28763 uses $176,015 cash to close to unlock $1,824/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $3,413/mo, and a $2,619/mo payment keeps the spread at $152/mo. Purchase price stands at $535,000, and rental yield measures 7.66% with $3,413/mo rent. Return on cash invested shows 21.1% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 109.04% and total cumulative return in cash records $191,920. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,413/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Single Family
Built in 1975
3.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28763, Otto, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,861 (100%) |
| Owner Occupied HU | 1,033 (55.5%) |
| Renter Occupied HU | 235 (12.6%) |
| Vacant Housing Units | 593 (31.9%) |
| Median Home Value | $313,722 |
| Average Home Value | $369,727 |
Housing Distribution
Address Breakdown
Residential
1,345
Single Family
1,345
Multi-Family
0
Businesses
73
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Listed by: N/A • N/A
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