8427 Dawson LnLocustNC28097
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 Locust at 8427 Dawson Ln, Locust, NC, 28097 offers a 8.39% rental yield on a $340,000 purchase with $2,378/mo rent. Total monthly income registers $2,378/mo, and a $1,664/mo payment leaves $306/mo available for distribution. Annual cash flow reaches $3,672/yr on $112,710 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $2,194/yr while 5% annual appreciation supports $93,936 over five years. Portfolio math shows five-year ROI at 120.18% and total cumulative return in cash at $135,450. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,378/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacki Shaffer • OfferPad Brokerage LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4331506