67 Magnolia StParktonNC28371
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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 Parkton at 67 Magnolia St, Parkton, NC, 28371 offers $2,100/mo rent that, after a $1,322/mo payment, leaves $454/mo cash flow. Total monthly income is $2,100/mo, and annual cash flow is $5,448/yr on $89,505 cash. Return on cash invested measures 26% in year one, and rental yield stands at 9.33% at a $270,000 entry. Equity gained on principal adds $1,742/yr while 5% annual appreciation compounds into $74,596 by year five. Five-year ROI records 135.36% and total cumulative return in cash reaches $121,153. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,322/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28371, Parkton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,814 (100%) |
| Owner Occupied HU | 1,822 (64.7%) |
| Renter Occupied HU | 740 (26.3%) |
| Vacant Housing Units | 252 ( 9.0%) |
| Median Home Value | $153,144 |
| Average Home Value | $179,734 |
Housing Distribution
Address Breakdown
Residential
2,919
Single Family
2,823
Multi-Family
96
Businesses
69
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Listed by: SEAN MCDONOUGH • JASON MITCHELL GROUP
Mls Name: LPRMLS
Mls ID: #756383