689 Lockamy RdTimberlakeNC27583
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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 Timberlake at 689 Lockamy Rd, Timberlake, NC, 27583 earns from $2,032/mo rent with a $1,713/mo payment. Total monthly income totals $2,032/mo. ROI tracks 18.87% on current figures, and rental yield reads 6.97% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 97.16% and total cumulative return in cash sums $112,698. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,032/mo property income instead of your personal income.
Single Family
Built in 2004
4.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27583, Timberlake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,561 (81.1%) |
| Renter Occupied HU | 411 (13.0%) |
| Vacant Housing Units | 184 ( 5.8%) |
| Median Home Value | $256,794 |
| Average Home Value | $290,875 |
Housing Distribution
Address Breakdown
Residential
3,077
Single Family
3,077
Multi-Family
0
Businesses
97
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Listed by: Eddie Burton • Burton Realty Group Inc
Mls Name: Doorify MLS
Mls ID: #10131376