374 Ann DrTimberlakeNC27583
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 Timberlake at 374 Ann Dr, Timberlake, NC, 27583 offers $2,333/mo rent that, after a $1,713/mo payment, leaves $200/mo cash flow. Total monthly income is $2,333/mo, and annual cash flow is $2,400/yr on $116,025 cash. Return on cash invested measures 21.98% in year one, and rental yield stands at 8% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 113.8% and total cumulative return in cash reaches $132,038. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,333/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
1.38 Acres lot
$N/A/sqft
No 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: Eddie Burton • Burton Realty Group Inc
Mls Name: Doorify MLS
Mls ID: #10122390