4738 Hickory Ridge RdParktonNC28371
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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 Parkton at 4738 Hickory Ridge Rd, Parkton, NC, 28371 with 5% annual appreciation on a $100,000 basis while $2,129/mo rent supports operations. Total monthly income totals $2,129/mo and a $489/mo payment preserves $1,510/mo for cash returns. Annual cash flow comes to $18,115/yr on $33,150 deployed, and return on cash invested reaches 74.55% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 25.55%. Five-year ROI measures 395.96% and total cumulative return in cash totals $131,260.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,129/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28371, Parkton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,814 (100%) |
| Owner Occupied HU | 1,822 (64.7%) |
| Renter Occupied HU | 740 (26.3%) |
| Vacant Housing Units | 252 ( 9.0%) |
| Median Home Value | $153,144 |
| Average Home Value | $179,734 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,823
Multi-Family
96
Businesses
69
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Listed by: WESLEY BALDWIN • ALOTTA PROPERTIES PROPERTY MANAGEMENT
Mls Name: LPRMLS
Mls Provider:
Mls ID: #743047
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.