205 Casa Bella DrAdvanceNC27006
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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 Advance at 205 Casa Bella Dr, Advance, NC, 27006 priced at $135,000 converts $1,052/mo rent into $229/mo cash flow after a $661/mo obligation. Total monthly income equals $1,052/mo, and annual cash flow totals $2,748/yr on $44,753 invested. Return on cash invested prints 26.05% in year one, and rental yield reads 9.35% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 135.63% and total cumulative return in cash sums $60,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,052/mo property income covering a $661/mo payment, not borrower’s personal income.
Manufactured
Built in 1996
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27006, Advance, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,346 (100%) |
| Owner Occupied HU | 5,736 (78.1%) |
| Renter Occupied HU | 1,129 (15.4%) |
| Vacant Housing Units | 481 ( 6.5%) |
| Median Home Value | $350,623 |
| Average Home Value | $380,540 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
5,624
Multi-Family
1,298
Businesses
336
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Listed by: Matt Taylor • Local R.E. Inc.
Mls Name: Triad MLS
Mls ID: #1199665