615 State Highway 96 SFour OaksNC27524
Nearby investment properties with comparable rents
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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 Four Oaks at 615 State Highway 96 S, Four Oaks, NC, 27524 generates $2,470/mo in rent and, after a $1,224/mo payment, leaves $946/mo in cash flow. Total monthly income is $2,470/mo, and annual cash flow is $11,352/yr on $82,875 invested. Return on cash invested sits at 33.61% in year one, and rental yield is 11.86% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 176.16% and total cumulative return in cash sums $145,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,470/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27524, Four Oaks, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,015 (100%) |
| Owner Occupied HU | 3,975 (66.1%) |
| Renter Occupied HU | 1,532 (25.5%) |
| Vacant Housing Units | 508 ( 8.4%) |
| Median Home Value | $297,490 |
| Average Home Value | $317,375 |
Housing Distribution
Address Breakdown
Residential
5,504
Single Family
5,470
Multi-Family
34
Businesses
220
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Listed by: Sharon Evans • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10140126