112 Michael St LOT 1-2-4JarvisburgNC27947
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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 Jarvisburg at 112 Michael St LOT 1-2-4, Jarvisburg, NC, 27947 generates $1,383/mo in rent and, after a $979/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,383/mo, and annual cash flow is $1,968/yr on $66,300 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.3% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 118.62% and total cumulative return in cash sums $78,644. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,383/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27947, Jarvisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 399 (69.9%) |
| Renter Occupied HU | 99 (17.3%) |
| Vacant Housing Units | 73 (12.8%) |
| Median Home Value | $355,600 |
| Average Home Value | $392,550 |
Housing Distribution
Address Breakdown
Residential
411
Single Family
411
Multi-Family
0
Businesses
42
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Listed by: Kimberly A Fiul • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #131473