305 Barnes AveLillingtonNC27546
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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 Lillington at 305 Barnes Ave, Lillington, NC, 27546 priced at $139,500 pairs $1,172/mo rent with $322/mo cash flow after a $683/mo payment. Total monthly income equals $1,172/mo, and annual cash flow comes to $3,859/yr on $46,244 invested. Return on cash invested is 28.25% in year one, and rental yield stands at 10.08% on a $139,500 basis. Equity gained on principal adds $900/yr, and 5% annual appreciation accumulates to $38,541 by year five. Five-year ROI measures 147.49% and total cumulative return in cash reaches $68,205. For financing, Ziffy Mortgage’s DSCR program evaluates $1,172/mo property income against a $683/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27546, Lillington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,340 (100%) |
| Owner Occupied HU | 5,690 (60.9%) |
| Renter Occupied HU | 2,571 (27.5%) |
| Vacant Housing Units | 1,079 (11.6%) |
| Median Home Value | $323,477 |
| Average Home Value | $334,710 |
Housing Distribution
Address Breakdown
Residential
8,659
Single Family
8,060
Multi-Family
599
Businesses
536
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Listed by: CHRISTINE WORTH • WORTHWHILE REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #734765
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.