213 Carrie DrOakboroNC28129
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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 Oakboro at 213 Carrie Dr, Oakboro, NC, 28129 listed at $314,700 pairs $1,926/mo rent with a $1,540/mo payment to leave $8/mo cash flow. Total monthly income runs $1,926/mo, and annual cash flow reaches $100/yr on $104,323 cash to close. Return on cash invested measures 20.01% in year one, and rental yield registers 7.34% at a $314,700 basis. Equity gained on principal adds $2,031/yr, and annual property appreciation at 5% supports $86,946 by year five. Five-year ROI tracks 103.24% and total cumulative return in cash totals $107,707. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,926/mo property income relative to a $1,540/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28129, Oakboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,752 (100%) |
| Owner Occupied HU | 2,087 (75.8%) |
| Renter Occupied HU | 465 (16.9%) |
| Vacant Housing Units | 200 ( 7.3%) |
| Median Home Value | $281,548 |
| Average Home Value | $320,759 |
Housing Distribution
Address Breakdown
Residential
2,476
Single Family
2,476
Multi-Family
0
Businesses
139
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Listed by: Scott Byerly • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4307483