78 Blackgum DrTimberlakeNC27583
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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 78 Blackgum Dr, Timberlake, NC, 27583 uses $86,157 cash to close to unlock $8,341/yr annual cash flow and $695/mo monthly cash flow. Total monthly income runs $2,279/mo, and a $1,272/mo payment keeps the spread at $695/mo. Purchase price stands at $259,900, and rental yield measures 10.52% with $2,279/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 154.68% and total cumulative return in cash records $133,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,279/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
0.92 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: #10112763