283 Averasboro DrClaytonNC27520
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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 Clayton at 283 Averasboro Dr, Clayton, NC, 27520 offers $2,418/mo rent that, after a $1,835/mo payment, leaves $133/mo cash flow. Total monthly income is $2,418/mo, and annual cash flow is $1,596/yr on $124,313 cash. Return on cash invested measures 21.19% in year one, and rental yield stands at 7.74% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 109.59% and total cumulative return in cash reaches $136,239. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,418/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27520, Clayton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,790 (100%) |
| Owner Occupied HU | 15,201 (73.1%) |
| Renter Occupied HU | 4,716 (22.7%) |
| Vacant Housing Units | 873 ( 4.2%) |
| Median Home Value | $350,000 |
| Average Home Value | $370,622 |
Housing Distribution
Address Breakdown
Residential
20,003
Single Family
18,590
Multi-Family
1,413
Businesses
819
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Listed by: Kendra Kohut • Long & Foster Real Estate INC/Raleigh
Mls Name: Doorify MLS
Mls ID: #10130843