601 Red Oak DrSiler CityNC27344
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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 Siler City at 601 Red Oak Dr, Siler City, NC, 27344 uses $41,438 cash to close to unlock $7,788/yr annual cash flow and $649/mo monthly cash flow. Total monthly income runs $1,411/mo, and a $612/mo payment keeps the spread at $649/mo. Purchase price stands at $125,000, and rental yield measures 13.55% with $1,411/mo rent. Return on cash invested shows 38.7% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 203.45% and total cumulative return in cash records $84,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,411/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27344, Siler City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,613 (100%) |
| Owner Occupied HU | 4,743 (62.3%) |
| Renter Occupied HU | 2,234 (29.3%) |
| Vacant Housing Units | 636 ( 8.4%) |
| Median Home Value | $231,846 |
| Average Home Value | $346,698 |
Housing Distribution
Address Breakdown
Residential
7,070
Single Family
6,369
Multi-Family
701
Businesses
671
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Listed by: Marty Thompson • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10112224