548 Riddle AveHillsboroughNC27278
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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 Hillsborough at 548 Riddle Ave, Hillsborough, NC, 27278 priced at $300,000 pairs $2,125/mo rent with $297/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,125/mo, and annual cash flow comes to $3,564/yr on $99,450 invested. Return on cash invested is 23.49% in year one, and rental yield stands at 8.5% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 121.91% and total cumulative return in cash reaches $121,236. For financing, Ziffy Mortgage’s DSCR program evaluates $2,125/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1998
0.34 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: Wyona Goodwin • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10120472