101 Park StEllerbeNC28338
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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 Ellerbe at 101 Park St, Ellerbe, NC, 28338 at $194,500 posts ROI 24.95% with $271/mo cash flow from $1,456/mo rent. Total monthly income equals $1,456/mo, and annual cash flow records $3,247/yr on $64,477 to close. Return on cash invested measures 24.95% and rental yield reads 8.98% at the current $194,500. Equity gained on principal adds $1,255/yr, and 5% annual appreciation supports $53,737 by year five. Five-year ROI prints 129.75% and total cumulative return in cash totals $83,661.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,456/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28338, Ellerbe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,271 (63.7%) |
| Renter Occupied HU | 438 (22.0%) |
| Vacant Housing Units | 286 (14.3%) |
| Median Home Value | $215,594 |
| Average Home Value | $339,689 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,443
Multi-Family
0
Businesses
93
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Listed by: STEPHANIE SAVAGE • PURSLEY PROPERTIES GROUP, LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #746061
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.