111 Maple Ridge DrOld FortNC28762
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 Old Fort at 111 Maple Ridge Dr, Old Fort, NC, 28762 offers $2,527/mo rent that, after a $1,957/mo payment, leaves $90/mo cash flow. Total monthly income is $2,527/mo, and annual cash flow is $1,081/yr on $132,567 cash. Return on cash invested measures 20.72% in year one, and rental yield stands at 7.58% at a $399,900 entry. Equity gained on principal adds $2,580/yr while 5% annual appreciation compounds into $110,485 by year five. Five-year ROI records 107.12% and total cumulative return in cash reaches $142,004. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,527/mo property income versus a $1,957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28762, Old Fort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 2,320 (65.6%) |
| Renter Occupied HU | 625 (17.7%) |
| Vacant Housing Units | 590 (16.7%) |
| Median Home Value | $232,253 |
| Average Home Value | $271,716 |
Housing Distribution
Address Breakdown
Residential
2,739
Single Family
2,739
Multi-Family
0
Businesses
158
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Listed by: Chelsi Poteat • ERA Live Moore
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301366