67 W 3rd StParktonNC28371
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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
Rental property for sale in Parkton at 67 W 3rd St, Parkton, NC, 28371 priced at $228,000 converts $1,742/mo rent into $352/mo cash flow after a $1,116/mo obligation. Total monthly income equals $1,742/mo, and annual cash flow totals $4,229/yr on $75,582 invested. Return on cash invested prints 25.5% in year one, and rental yield reads 9.17% against a $228,000 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation compiles into $62,992 by year five. Five-year ROI reaches 132.75% and total cumulative return in cash sums $100,335. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,742/mo property income covering a $1,116/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.41 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: JOSEPH BARGE • TOWNSEND REAL ESTATE
Mls Name: LPRMLS
Mls ID: #751820