417 Oakleigh LnOakboroNC28129
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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 Oakboro at 417 Oakleigh Ln, Oakboro, NC, 28129 with 5% annual appreciation on a $340,000 basis while $2,411/mo rent supports operations. Total monthly income totals $2,411/mo and a $1,664/mo payment preserves $339/mo for cash returns. Annual cash flow comes to $4,068/yr on $112,710 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 8.51%. Five-year ROI measures 122.06% and total cumulative return in cash totals $137,574.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,411/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28129, Oakboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,752 (100%) |
| Owner Occupied HU | 2,087 (75.8%) |
| Renter Occupied HU | 465 (16.9%) |
| Vacant Housing Units | 200 ( 7.3%) |
| Median Home Value | $281,548 |
| Average Home Value | $320,759 |
Housing Distribution
Address Breakdown
Residential
2,476
Single Family
2,476
Multi-Family
0
Businesses
139
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Listed by: Liz Hallman • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332969