318 Saddlebrook DrSummerfieldNC27358
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 Summerfield at 318 Saddlebrook Dr, Summerfield, NC, 27358 generates $1,646/mo in rent and, after a $1,202/mo payment, leaves $149/mo in cash flow. Total monthly income is $1,646/mo, and annual cash flow is $1,793/yr on $81,383 invested. Return on cash invested sits at 22.11% in year one, and rental yield is 8.05% on a $245,500 entry. Equity gained on principal adds $1,584/yr, while 5% annual appreciation builds toward $67,827 over five years. Five-year ROI reaches 114.57% and total cumulative return in cash sums $93,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,646/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27358, Summerfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 5,164 (85.2%) |
| Renter Occupied HU | 612 (10.1%) |
| Vacant Housing Units | 282 ( 4.7%) |
| Median Home Value | $475,086 |
| Average Home Value | $526,725 |
Housing Distribution
Address Breakdown
Residential
5,848
Single Family
5,786
Multi-Family
62
Businesses
326
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Smith • Berkshire Hathaway HomeServices Yost & Little Realty
Mls Name: Triad MLS
Mls ID: #1196074