690 SpindlewoodPittsboroNC27312
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 Pittsboro at 690 Spindlewood, Pittsboro, NC, 27312 with 5% annual appreciation on a $650,000 basis while $3,289/mo rent supports operations. 15% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 6.07%. Five-year ROI measures 82.56% and total cumulative return in cash totals $176,558. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,289/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
1.17 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27312, Pittsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,378 (100%) |
| Owner Occupied HU | 9,139 (73.8%) |
| Renter Occupied HU | 2,324 (18.8%) |
| Vacant Housing Units | 915 ( 7.4%) |
| Median Home Value | $487,766 |
| Average Home Value | $531,267 |
Housing Distribution
Address Breakdown
Residential
11,312
Single Family
9,514
Multi-Family
1,798
Businesses
810
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Nearby investment properties with comparable prices
Listed by: Annette Holt • Compass -- Cary
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10058981
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