61 Fork Junction RdTimberlakeNC27583
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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 61 Fork Junction Rd, Timberlake, NC, 27583 offers a 7.34% rental yield on a $476,000 purchase with $2,912/mo rent. Total monthly income registers $2,912/mo, and a $2,330/mo payment leaves $11/mo available for distribution. Annual cash flow reaches $130/yr on $157,794 to close, and return on cash invested stands at 19.99% in year one. Equity gained on principal adds $3,072/yr while 5% annual appreciation supports $131,510 over five years. Portfolio math shows five-year ROI at 103.16% and total cumulative return in cash at $162,777. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,912/mo property income against a $2,330/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
1.25 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: Mary Kathleen Shell • Ride Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10114879