646 Scarlet Leaf LnOakboroNC28129
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 646 Scarlet Leaf Ln, Oakboro, NC, 28129 at $315,000 posts ROI 22.75% with $247/mo cash flow from $2,167/mo rent. Total monthly income equals $2,167/mo, and annual cash flow records $2,964/yr on $104,423 to close. Return on cash invested measures 22.75% and rental yield reads 8.26% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 117.93% and total cumulative return in cash totals $123,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,167/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2019
0.33 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
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Nearby investment properties with comparable prices
Listed by: Kristen Huneycutt • Lantern Realty & Development
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4284812