2609 Lannie DrHillsboroughNC27278
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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 Hillsborough at 2609 Lannie Dr, Hillsborough, NC, 27278 offers a 11.07% rental yield on a $220,000 purchase with $2,030/mo rent. Total monthly income registers $2,030/mo, and a $1,077/mo payment leaves $689/mo available for distribution. Annual cash flow reaches $8,268/yr on $72,930 to close, and return on cash invested stands at 31.25% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 163.5% and total cumulative return in cash at $119,243. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,030/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2003
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: Marco Contreras Lopez • 1800 Real Estate, Inc.
Mls Name: Doorify MLS
Mls ID: #10110966