273 S Boyles StPilot MtnNC27041
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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 Pilot Mtn at 273 S Boyles St, Pilot Mtn, NC, 27041 priced at $280,000 converts $2,320/mo rent into $614/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,320/mo, and annual cash flow totals $7,368/yr on $92,820 invested. Return on cash invested prints 27.85% in year one, and rental yield reads 9.94% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 145.26% and total cumulative return in cash sums $134,829. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,320/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27041, Pilot Mountain, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,778 (100%) |
| Owner Occupied HU | 2,606 (69.0%) |
| Renter Occupied HU | 818 (21.7%) |
| Vacant Housing Units | 354 ( 9.4%) |
| Median Home Value | $265,686 |
| Average Home Value | $310,195 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,063
Multi-Family
0
Businesses
298
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Listed by: Rebecca Lynch • Lynch Realty & Associates
Mls Name: Triad MLS
Mls ID: #1204369