101 Ivey DrKenlyNC27542
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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 Kenly at 101 Ivey Dr, Kenly, NC, 27542 with 5% annual appreciation on a $249,000 basis while $1,994/mo rent supports operations. Total monthly income totals $1,994/mo and a $1,219/mo payment preserves $476/mo for cash returns. Annual cash flow comes to $5,714/yr on $82,544 deployed, and return on cash invested reaches 26.83% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 9.61%. Five-year ROI measures 139.89% and total cumulative return in cash totals $115,472.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,994/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1998
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27542, Kenly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,411 (100%) |
| Owner Occupied HU | 2,955 (67.0%) |
| Renter Occupied HU | 1,039 (23.6%) |
| Vacant Housing Units | 417 ( 9.5%) |
| Median Home Value | $229,144 |
| Average Home Value | $271,400 |
Housing Distribution
Address Breakdown
Residential
3,844
Single Family
3,844
Multi-Family
0
Businesses
188
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Listed by: Leonard "Beau" Beaudry • SANFORD REALTY
Mls Name: LPRMLS
Mls ID: #752821