502 Forest Creek DrPittsboroNC27312
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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
Rental property for sale in Pittsboro at 502 Forest Creek Dr, Pittsboro, NC, 27312 priced at $249,999 converts $2,110/mo rent into $586/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,110/mo, and annual cash flow totals $7,032/yr on $82,875 invested. Return on cash invested prints 28.39% in year one, and rental yield reads 10.13% against a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 148.2% and total cumulative return in cash sums $122,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,110/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Listed by: Danielle Boggess • Century 21 Southern Lifestyles
Mls Name: Doorify MLS
Mls ID: #10120678