7223 Apple Mill RdEflandNC27243
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 Efland at 7223 Apple Mill Rd, Efland, NC, 27243 uses $77,903 cash to close to unlock $7,392/yr annual cash flow and $616/mo monthly cash flow. Total monthly income runs $2,048/mo, and a $1,150/mo payment keeps the spread at $616/mo. Purchase price stands at $235,000, and rental yield measures 10.46% with $2,048/mo rent. Return on cash invested shows 29.4% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 153.6% and total cumulative return in cash records $119,656. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,048/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Manufactured
Built in 1989
2.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27243, Efland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,037 (100%) |
| Owner Occupied HU | 1,609 (79.0%) |
| Renter Occupied HU | 292 (14.3%) |
| Vacant Housing Units | 136 ( 6.7%) |
| Median Home Value | $331,623 |
| Average Home Value | $413,126 |
Housing Distribution
Address Breakdown
Residential
1,885
Single Family
1,885
Multi-Family
0
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rob Sutter • Allen Tate / Durham
Mls Name: Doorify MLS
Mls ID: #10144855