841 Old Farm RdOakboroNC28129
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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 Oakboro at 841 Old Farm Rd, Oakboro, NC, 28129 with 5% annual appreciation on a $419,900 basis while $2,563/mo rent supports operations. Total monthly income totals $2,563/mo and a $2,055/mo payment preserves $4/mo for cash returns. Annual cash flow comes to $49/yr on $139,197 deployed, and return on cash invested reaches 19.94% in year one. Equity gained on principal adds $2,710/yr, and five-year appreciation sums $116,011 alongside rental yield of 7.32%. Five-year ROI measures 102.94% and total cumulative return in cash totals $143,292.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,563/mo property income versus a $2,055/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28129, Oakboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,752 (100%) |
| Owner Occupied HU | 2,087 (75.8%) |
| Renter Occupied HU | 465 (16.9%) |
| Vacant Housing Units | 200 ( 7.3%) |
| Median Home Value | $281,548 |
| Average Home Value | $320,759 |
Housing Distribution
Address Breakdown
Residential
2,476
Single Family
2,476
Multi-Family
0
Businesses
139
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Listed by: Jacki Shaffer • OfferPad Brokerage LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4332048