62 Kinard LnPenroseNC28766
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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 Penrose at 62 Kinard Ln, Penrose, NC, 28766 with 5% annual appreciation on a $299,500 basis while $2,279/mo rent supports operations. Total monthly income totals $2,279/mo and a $1,466/mo payment preserves $454/mo for cash returns. Annual cash flow comes to $5,443/yr on $99,284 deployed, and return on cash invested reaches 25.39% in year one. Equity gained on principal adds $1,933/yr, and five-year appreciation sums $82,746 alongside rental yield of 9.13%. Five-year ROI measures 132.13% and total cumulative return in cash totals $131,183.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,279/mo property income versus a $1,466/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28766, Penrose, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 612 (100%) |
| Owner Occupied HU | 459 (75.0%) |
| Renter Occupied HU | 82 (13.4%) |
| Vacant Housing Units | 71 (11.6%) |
| Median Home Value | $435,677 |
| Average Home Value | $456,999 |
Housing Distribution
Address Breakdown
Residential
541
Single Family
541
Multi-Family
0
Businesses
48
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Listed by: Erika Bradley • Century 21 Mountain Lifestyles/S. Hend
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4271193