515 McCaskill RdBiscoeNC27209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Biscoe at 515 McCaskill Rd, Biscoe, NC, 27209 offers $1,364/mo rent that, after a $978/mo payment, leaves $146/mo cash flow. Total monthly income is $1,364/mo, and annual cash flow is $1,753/yr on $66,267 cash. Return on cash invested measures 22.56% in year one, and rental yield stands at 8.19% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 116.96% and total cumulative return in cash reaches $77,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,364/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27209, Biscoe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,668 (100%) |
| Owner Occupied HU | 1,017 (61.0%) |
| Renter Occupied HU | 452 (27.1%) |
| Vacant Housing Units | 199 (11.9%) |
| Median Home Value | $197,629 |
| Average Home Value | $235,659 |
Housing Distribution
Address Breakdown
Residential
1,203
Single Family
1,156
Multi-Family
47
Businesses
188
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Listed by: Melonie Greene • Toni Fish & Associates Inc Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295644