416 Forrest StHillsboroughNC27278
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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 Hillsborough at 416 Forrest St, Hillsborough, NC, 27278 with 5% annual appreciation on a $275,000 basis while $2,356/mo rent supports operations. Total monthly income totals $2,356/mo and a $1,346/mo payment preserves $680/mo for cash returns. Annual cash flow comes to $8,160/yr on $91,163 deployed, and return on cash invested reaches 28.86% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 10.28%. Five-year ROI measures 150.71% and total cumulative return in cash totals $137,387.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,356/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27278, Hillsborough, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,643 (100%) |
| Owner Occupied HU | 9,138 (72.3%) |
| Renter Occupied HU | 2,840 (22.5%) |
| Vacant Housing Units | 665 ( 5.3%) |
| Median Home Value | $475,921 |
| Average Home Value | $530,448 |
Housing Distribution
Address Breakdown
Residential
12,578
Single Family
11,703
Multi-Family
875
Businesses
960
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Listed by: Nicole Suzanne Sudol • Above & Beyond Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10104498
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.