267 Ed Collins LnClintonNC28328
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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 Clinton at 267 Ed Collins Ln, Clinton, NC, 28328 priced at $165,000 converts $1,306/mo rent into $300/mo cash flow after a $808/mo obligation. Total monthly income equals $1,306/mo, and annual cash flow totals $3,600/yr on $54,698 invested. Return on cash invested prints 26.49% in year one, and rental yield reads 9.5% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 138.02% and total cumulative return in cash sums $75,491. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,306/mo property income covering a $808/mo payment, not borrower’s personal income.
Manufactured
Built in 1999
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28328, Clinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,027 (100%) |
| Owner Occupied HU | 6,536 (59.3%) |
| Renter Occupied HU | 3,368 (30.5%) |
| Vacant Housing Units | 1,123 (10.2%) |
| Median Home Value | $186,580 |
| Average Home Value | $239,678 |
Housing Distribution
Address Breakdown
Residential
11,006
Single Family
10,779
Multi-Family
227
Businesses
839
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Listed by: MARIA BERUMEN • REALTY ONE GROUP LIBERTY
Mls Name: LPRMLS
Mls ID: #747828