60 Forest DrTimberlakeNC27583
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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 Timberlake at 60 Forest Dr, Timberlake, NC, 27583 earns $109/mo cash flow from $2,227/mo rent with a $1,701/mo payment. Total monthly income totals $2,227/mo, and annual cash flow totals $1,308/yr on $115,196 capital. ROI tracks 21.04% on current figures, and rental yield reads 7.69% at a $347,500 purchase. Equity gained on principal adds $2,242/yr, and 5% annual appreciation supports $96,008 over five years. Five-year ROI reaches 108.8% and total cumulative return in cash sums $125,337. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,227/mo property income instead of your personal income.
Single Family
Built in 2000
1.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27583, Timberlake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,561 (81.1%) |
| Renter Occupied HU | 411 (13.0%) |
| Vacant Housing Units | 184 ( 5.8%) |
| Median Home Value | $256,794 |
| Average Home Value | $290,875 |
Housing Distribution
Address Breakdown
Residential
3,077
Single Family
3,077
Multi-Family
0
Businesses
97
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Listed by: Jessica Wilson • Burton Realty Group Inc
Mls Name: Doorify MLS
Mls ID: #10141616