245 Hanks Loop RdPittsboroNC27312
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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 Pittsboro at 245 Hanks Loop Rd, Pittsboro, NC, 27312 generates $1,175/mo in rent and, after a $734/mo payment, leaves $261/mo in cash flow. Total monthly income is $1,175/mo, and annual cash flow is $3,132/yr on $49,725 invested. Return on cash invested sits at 26.21% in year one, and rental yield is 9.4% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 136.48% and total cumulative return in cash sums $67,866. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,175/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Listed by: Jamie Sienko • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1197538