104 Squire DriveWintervilleNC28590
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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 Winterville at 104 Squire Drive, Winterville, NC, 28590 offers $2,550/mo rent that, after a $1,664/mo payment, leaves $478/mo cash flow. Total monthly income is $2,550/mo, and annual cash flow is $5,736/yr on $112,710 cash. Return on cash invested measures 25% in year one, and rental yield stands at 9% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 129.99% and total cumulative return in cash reaches $146,514. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,550/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28590, Winterville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,139 (100%) |
| Owner Occupied HU | 8,173 (67.3%) |
| Renter Occupied HU | 3,263 (26.9%) |
| Vacant Housing Units | 703 ( 5.8%) |
| Median Home Value | $279,164 |
| Average Home Value | $290,228 |
Housing Distribution
Address Breakdown
Residential
12,254
Single Family
11,249
Multi-Family
1,005
Businesses
674
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Listed by: Kathryn Glenn • Keller Williams Realty Points East
Mls Name: Hive MLS
Mls ID: #100551000