598 Southfork 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 598 Southfork Rd, Parkton, NC, 28371 offers a 9.22% rental yield on a $108,000 purchase with $830/mo rent. Total monthly income registers $830/mo, and a $529/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,057/yr on $35,802 to close, and return on cash invested stands at 25.65% in year one. Equity gained on principal adds $697/yr while 5% annual appreciation supports $29,838 over five years. Portfolio math shows five-year ROI at 133.59% and total cumulative return in cash at $47,828. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $830/mo property income against a $529/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: BERNARD FLEMING • FLEMING REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733342
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.