303 Pin Oak DrKingNC27021
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 King at 303 Pin Oak Dr, King, NC, 27021 priced at $236,000 pairs $1,920/mo rent with $482/mo cash flow after a $1,155/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $5,782/yr on $78,234 invested. Return on cash invested is 27.3% in year one, and rental yield stands at 9.76% on a $236,000 basis. Equity gained on principal adds $1,523/yr, and 5% annual appreciation accumulates to $65,202 by year five. Five-year ROI measures 142.35% and total cumulative return in cash reaches $111,366. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,155/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27021, King, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 5,671 (70.6%) |
| Renter Occupied HU | 1,802 (22.4%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $214,443 |
| Average Home Value | $246,078 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
7,325
Multi-Family
203
Businesses
480
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Listed by: Melody Hamm • Keller Williams Realty Elite
Mls Name: Triad MLS
Mls ID: #1205480