298 Town Park Dr UNIT 202AdvanceNC27006
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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 Advance at 298 Town Park Dr UNIT 202, Advance, NC, 27006 generates $1,336/mo in rent and, after a $832/mo payment, leaves $300/mo in cash flow. Total monthly income is $1,336/mo, and annual cash flow is $3,600/yr on $56,355 invested. Return on cash invested sits at 26.3% in year one, and rental yield is 9.43% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 136.96% and total cumulative return in cash sums $77,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,336/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27006, Advance, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,346 (100%) |
| Owner Occupied HU | 5,736 (78.1%) |
| Renter Occupied HU | 1,129 (15.4%) |
| Vacant Housing Units | 481 ( 6.5%) |
| Median Home Value | $350,623 |
| Average Home Value | $380,540 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
5,624
Multi-Family
1,298
Businesses
336
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Listed by: Kris Shepherd • eXp Realty
Mls Name: Triad MLS
Mls ID: #1203647