268 Poor Boy LnWhittierNC28789
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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 Whittier at 268 Poor Boy Ln, Whittier, NC, 28789 uses $82,544 cash to close to unlock $4,754/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $1,914/mo, and a $1,219/mo payment keeps the spread at $396/mo. Purchase price stands at $249,000, and rental yield measures 9.22% with $1,914/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 133.64% and total cumulative return in cash records $110,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,914/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1983
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28789, Whittier, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,973 (51.9%) |
| Renter Occupied HU | 663 (17.4%) |
| Vacant Housing Units | 1,165 (30.6%) |
| Median Home Value | $279,014 |
| Average Home Value | $359,721 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
133
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Listed by: Patricia Stanberry • Apple Realty, LLC
Mls Name: Carolina Smokies MLS
Mls ID: #26041394
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.