404 Piney Oak DrCarthageNC28327
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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 Carthage at 404 Piney Oak Dr, Carthage, NC, 28327 offers a 6.1% rental yield on a $444,900 purchase with $2,262/mo rent. 11% in year one. Equity gained on principal adds $2,871/yr while 5% annual appreciation supports $122,918 over five years. Portfolio math shows five-year ROI at 82.42% and total cumulative return in cash at $121,561. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,262/mo property income against a $2,178/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.52 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
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Listed by: Better Homes & Gardens Lifestyle Property Partneres • Caviness & Cates - Southern Pines - Laurel Ridge
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N371250000017
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.