11 Cedar LaneBlounts CreekNC27814
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
Rental property for sale in Blounts Creek at 11 Cedar Lane, Blounts Creek, NC, 27814 priced at $140,000 converts $1,278/mo rent into $425/mo cash flow after a $685/mo obligation. Total monthly income equals $1,278/mo, and annual cash flow totals $5,100/yr on $46,410 invested. Return on cash invested prints 30.9% in year one, and rental yield reads 10.95% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 161.65% and total cumulative return in cash sums $75,022. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,278/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1966
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27814, Blounts Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,292 (100%) |
| Owner Occupied HU | 686 (53.1%) |
| Renter Occupied HU | 103 ( 8.0%) |
| Vacant Housing Units | 503 (38.9%) |
| Median Home Value | $282,787 |
| Average Home Value | $362,132 |
Housing Distribution
Address Breakdown
Residential
872
Single Family
854
Multi-Family
18
Businesses
30
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Listed by: Jacob Anderson • Anderson & Anderson Realty Group, LLC
Mls Name: Hive MLS
Mls ID: #100536210