102 S College AveKenlyNC27542
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 Kenly at 102 S College Ave, Kenly, NC, 27542 uses $82,875 cash to close to unlock $10,062/yr annual cash flow and $839/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,224/mo payment keeps the spread at $839/mo. Purchase price stands at $250,000, and rental yield measures 11.4% with $2,375/mo rent. Return on cash invested shows 32.05% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 167.9% and total cumulative return in cash records $139,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,098 sqft 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: Stirling West • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10097802
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