216 Pinecone RdPeachlandNC28133
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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 Peachland at 216 Pinecone Rd, Peachland, NC, 28133 offers a 10.39% rental yield on a $185,000 purchase with $1,602/mo rent. Total monthly income registers $1,602/mo, and a $905/mo payment leaves $475/mo available for distribution. Annual cash flow reaches $5,700/yr on $61,328 to close, and return on cash invested stands at 29.2% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 152.53% and total cumulative return in cash at $93,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,602/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
5.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28133, Peachland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,174 (100%) |
| Owner Occupied HU | 820 (69.8%) |
| Renter Occupied HU | 195 (16.6%) |
| Vacant Housing Units | 159 (13.5%) |
| Median Home Value | $251,905 |
| Average Home Value | $279,549 |
Housing Distribution
Address Breakdown
Residential
1,058
Single Family
1,058
Multi-Family
0
Businesses
45
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Listed by: Lisa Archer • Keller Williams Ballantyne Area
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330773