2 Steepleton CtHillsboroughNC27278
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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
Total monthly income runs $3,242/mo, and a $3,084/mo payment. Purchase price stands at $630,000, and rental yield measures 6.18% with $3,242/mo rent. Return on cash invested shows 16.6% in year one, and 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 84.91% and total cumulative return in cash records $176,002. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,242/mo property income covering a $3,084/mo payment rather than investor’s personal income.
Single Family
Built in 2000
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27278, Hillsborough, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,643 (100%) |
| Owner Occupied HU | 9,138 (72.3%) |
| Renter Occupied HU | 2,840 (22.5%) |
| Vacant Housing Units | 665 ( 5.3%) |
| Median Home Value | $475,921 |
| Average Home Value | $530,448 |
Housing Distribution
Address Breakdown
Residential
12,578
Single Family
11,703
Multi-Family
875
Businesses
960
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Listed by: Jaime C Gularte • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls ID: #10123787