103 Trenor Ln Lot 103Powells PtNC27966
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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
Rental property for sale in Powells Pt at 103 Trenor Ln Lot 103, Powells Pt, NC, 27966 generates $2,206/mo in rent, after a $3,375/mo payment. Total monthly income is $2,206/mo. Return on cash invested sits at 9.5% in year one, and rental yield is 3.84% on a $689,500 entry. Equity gained on principal adds $4,449/yr, while 5% annual appreciation builds toward $190,496 over five years. Five-year ROI reaches 46.86% and total cumulative return in cash sums $106,303. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,206/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27966, Powells Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 702 (100%) |
| Owner Occupied HU | 468 (66.7%) |
| Renter Occupied HU | 136 (19.4%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $364,557 |
| Average Home Value | $379,012 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
97
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Listed by: Michelle K Smith • Sun Realty - Duck
Mls Name: OBAR
Mls ID: #131596