6364 Boone TrlMillers CreekNC28651
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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 Millers Creek at 6364 Boone Trl, Millers Creek, NC, 28651 offers a 11.16% rental yield on a $280,000 purchase with $2,603/mo rent. Total monthly income registers $2,603/mo, and a $1,370/mo payment leaves $897/mo available for distribution. Annual cash flow reaches $10,764/yr on $92,820 to close, and return on cash invested stands at 31.51% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 164.88% and total cumulative return in cash at $153,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,603/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28651, Millers Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 2,005 (64.7%) |
| Renter Occupied HU | 638 (20.6%) |
| Vacant Housing Units | 456 (14.7%) |
| Median Home Value | $227,251 |
| Average Home Value | $262,168 |
Housing Distribution
Address Breakdown
Residential
2,578
Single Family
2,578
Multi-Family
0
Businesses
99
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Nearby investment properties with comparable prices
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