277 Glenwood DrOakboroNC28129
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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 Oakboro at 277 Glenwood Dr, Oakboro, NC, 28129 earns from $4,248/mo rent with a $3,913/mo payment. Total monthly income totals $4,248/mo. ROI tracks 17.21% on current figures, and rental yield reads 6.38% at a $799,500 purchase. Equity gained on principal adds $5,159/yr, and 5% annual appreciation supports $220,887 over five years. Five-year ROI reaches 88.22% and total cumulative return in cash sums $232,063. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,248/mo property income instead of your personal income.
Single Family
Built in 2007
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28129, Oakboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,752 (100%) |
| Owner Occupied HU | 2,087 (75.8%) |
| Renter Occupied HU | 465 (16.9%) |
| Vacant Housing Units | 200 ( 7.3%) |
| Median Home Value | $281,548 |
| Average Home Value | $320,759 |
Housing Distribution
Address Breakdown
Residential
2,476
Single Family
2,476
Multi-Family
0
Businesses
139
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Listed by: Gaye Wood • DM Properties & Associates
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4312178