96 Downing CtLillingtonNC27546
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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 Lillington at 96 Downing Ct, Lillington, NC, 27546 uses $97,793 cash to close to unlock $3,924/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,125/mo, and a $1,444/mo payment keeps the spread at $327/mo. Purchase price stands at $295,000, and rental yield measures 8.64% with $2,125/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 124.21% and total cumulative return in cash records $121,466. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,125/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27546, Lillington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,340 (100%) |
| Owner Occupied HU | 5,690 (60.9%) |
| Renter Occupied HU | 2,571 (27.5%) |
| Vacant Housing Units | 1,079 (11.6%) |
| Median Home Value | $323,477 |
| Average Home Value | $334,710 |
Housing Distribution
Address Breakdown
Residential
8,659
Single Family
8,060
Multi-Family
599
Businesses
536
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Listed by: STEPHANY PARKER • PLATINUM APPLE REALTY LLC
Mls Name: LPRMLS
Mls ID: #755627