75 Catalpa Lane NPinehurstNC28374
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
Rental property for sale in Pinehurst at 75 Catalpa Lane N, Pinehurst, NC, 28374 generates $2,540/mo in rent, after a $2,041/mo payment. Total monthly income is $2,540/mo. Return on cash invested sits at 19.9% in year one, and rental yield is 7.31% on a $417,000 entry. Equity gained on principal adds $2,691/yr, while 5% annual appreciation builds toward $115,209 over five years. Five-year ROI reaches 102.66% and total cumulative return in cash sums $141,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,540/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28374, Pinehurst, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,441 (100%) |
| Owner Occupied HU | 7,889 (69.0%) |
| Renter Occupied HU | 1,801 (15.7%) |
| Vacant Housing Units | 1,751 (15.3%) |
| Median Home Value | $499,597 |
| Average Home Value | $589,795 |
Housing Distribution
Address Breakdown
Residential
9,306
Single Family
9,258
Multi-Family
48
Businesses
678
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Elaine Schaus • Keller Williams Pinehurst
Mls Name: Hive MLS
Mls ID: #100534769