200 Cornelius StHillsboroughNC27278
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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 Hillsborough at 200 Cornelius St, Hillsborough, NC, 27278 offers $2,360/mo rent that, after a $1,840/mo payment, leaves $69/mo cash flow. Total monthly income is $2,360/mo, and annual cash flow is $826/yr on $124,644 cash. Return on cash invested measures 20.57% in year one, and rental yield stands at 7.53% at a $376,000 entry. Equity gained on principal adds $2,426/yr while 5% annual appreciation compounds into $103,882 by year five. Five-year ROI records 106.27% and total cumulative return in cash reaches $132,461. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,360/mo property income versus a $1,840/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.39 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: Genesis Caballero • THE CEDENO GROUP REAL ESTATE LLC
Mls Name: Doorify MLS
Mls ID: #10139735