617 Lynn RdOakboroNC28129
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oakboro at 617 Lynn Rd, Oakboro, NC, 28129 earns from $2,186/mo rent with a $2,056/mo payment. Total monthly income totals $2,186/mo. ROI tracks 16.69% on current figures, and rental yield reads 6.25% at a $419,990 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,035 over five years. Five-year ROI reaches 85.47% and total cumulative return in cash sums $118,996. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,186/mo property income instead of your personal income.
Single Family
Built in 1973
2.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28129, Oakboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,752 (100%) |
| Owner Occupied HU | 2,087 (75.8%) |
| Renter Occupied HU | 465 (16.9%) |
| Vacant Housing Units | 200 ( 7.3%) |
| Median Home Value | $281,548 |
| Average Home Value | $320,759 |
Housing Distribution
Address Breakdown
Residential
2,476
Single Family
2,476
Multi-Family
0
Businesses
139
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amanda Bowman • Emerald Pointe Realty & Const.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4315597