969 Bay DrOakboroNC28129
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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 969 Bay Dr, Oakboro, NC, 28129 listed at $385,000 pairs $1,946/mo rent with a $1,884/mo payment. Total monthly income runs $1,946/mo. Return on cash invested measures 16.15% in year one, and rental yield registers 6.07% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 82.54% and total cumulative return in cash totals $105,346. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,946/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.47 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: Mallory McCall • Central Carolina Real Estate Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4333713