107 Masters Dr LOT 10Powells 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
Investment property for sale in Powells Pt at 107 Masters Dr LOT 10, Powells Pt, NC, 27966 offers a 7.62% rental yield on a $379,000 purchase with $2,408/mo rent. Total monthly income registers $2,408/mo, and a $1,855/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,178/yr on $125,639 to close, and return on cash invested stands at 20.85% in year one. Equity gained on principal adds $2,446/yr while 5% annual appreciation supports $104,711 over five years. Portfolio math shows five-year ROI at 107.77% and total cumulative return in cash at $135,407. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,408/mo property income against a $1,855/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
1,742 sqft 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: Diana Brink • A Better Way Realty, Inc
Mls Name: OBAR
Mls ID: #131446