109 Black Bass LnKnotts IslandNC27950
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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
Rental property for sale in Knotts Island at 109 Black Bass Ln, Knotts Island, NC, 27950 priced at $399,000 pairs $3,572/mo rent with $1,140/mo cash flow after a $1,953/mo payment. Total monthly income equals $3,572/mo, and annual cash flow comes to $13,682/yr on $132,269 invested. Return on cash invested is 30.25% in year one, and rental yield stands at 10.74% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 158.21% and total cumulative return in cash reaches $209,258. For financing, Ziffy Mortgage’s DSCR program evaluates $3,572/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27950, Knotts Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 998 (100%) |
| Owner Occupied HU | 745 (74.6%) |
| Renter Occupied HU | 113 (11.3%) |
| Vacant Housing Units | 140 (14.0%) |
| Median Home Value | $262,059 |
| Average Home Value | $282,020 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
842
Multi-Family
0
Businesses
21
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Listed by: Lynette Lewis • Shaffer Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10609489