290 Wellons Boyette RdPrincetonNC27569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Princeton at 290 Wellons Boyette Rd, Princeton, NC, 27569 priced at $310,000 pairs $2,178/mo rent with $289/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,178/mo, and annual cash flow comes to $3,468/yr on $102,765 invested. Return on cash invested is 23.28% in year one, and rental yield stands at 8.43% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 120.8% and total cumulative return in cash reaches $124,135. For financing, Ziffy Mortgage’s DSCR program evaluates $2,178/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1997
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27569, Princeton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,904 (100%) |
| Owner Occupied HU | 2,615 (67.0%) |
| Renter Occupied HU | 989 (25.3%) |
| Vacant Housing Units | 300 ( 7.7%) |
| Median Home Value | $214,298 |
| Average Home Value | $253,631 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,577
Multi-Family
0
Businesses
163
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Listed by: Linsey Dale • HTR Southern Properties
Mls Name: Doorify MLS
Mls ID: #10116592