351 N Old Lantern RdTimberlakeNC27583
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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
Investment property for sale in Timberlake at 351 N Old Lantern Rd, Timberlake, NC, 27583 uses $132,600 cash to close to unlock $1,879/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $2,630/mo, and a $1,958/mo payment keeps the spread at $157/mo. Purchase price stands at $400,000, and rental yield measures 7.89% with $2,630/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 110.44% and total cumulative return in cash records $146,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,630/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1.13 Acres lot
$N/A/sqft
$425 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27583, Timberlake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,561 (81.1%) |
| Renter Occupied HU | 411 (13.0%) |
| Vacant Housing Units | 184 ( 5.8%) |
| Median Home Value | $256,794 |
| Average Home Value | $290,875 |
Housing Distribution
Address Breakdown
Residential
3,077
Single Family
3,077
Multi-Family
0
Businesses
97
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Listed by: Jeane Bargo • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #2462991
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.