229 Cabin TrlLowgapNC27024
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Nearby investment properties with comparable prices
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 Lowgap at 229 Cabin Trl, Lowgap, NC, 27024 priced at $379,810 converts $2,558/mo rent into $243/mo cash flow after a $1,859/mo obligation. Total monthly income equals $2,558/mo, and annual cash flow totals $2,919/yr on $125,907 invested. Return on cash invested prints 22.23% in year one, and rental yield reads 8.08% against a $379,810 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,935 by year five. Five-year ROI reaches 115.17% and total cumulative return in cash sums $145,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,558/mo property income covering a $1,859/mo payment, not borrower’s personal income.
Single Family
Built in 1993
21.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27024, Lowgap, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,341 (100%) |
| Owner Occupied HU | 875 (65.2%) |
| Renter Occupied HU | 193 (14.4%) |
| Vacant Housing Units | 273 (20.4%) |
| Median Home Value | $205,864 |
| Average Home Value | $208,949 |
Housing Distribution
Address Breakdown
Residential
1,064
Single Family
1,064
Multi-Family
0
Businesses
36
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Listed by: Dale Fulk • Rogers Realty & Auction Co., Inc.
Mls Name: Triad MLS
Mls ID: #1191821