2300 Red Oak CtHillsboroughNC27278
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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 2300 Red Oak Ct, Hillsborough, NC, 27278 priced at $349,900 converts $1,823/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,823/mo. Return on cash invested prints 16.7% in year one, and rental yield reads 6.25% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 85.56% and total cumulative return in cash sums $99,246. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,823/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.25 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: Eliran Eldori • United Realty Group Inc
Mls Name: Doorify MLS
Mls ID: #10111310