112 Trellis LaneVanceboroNC28586
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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 Vanceboro at 112 Trellis Lane, Vanceboro, NC, 28586 offers $2,324/mo rent that, after a $1,407/mo payment, leaves $551/mo cash flow. Total monthly income is $2,324/mo, and annual cash flow is $6,614/yr on $95,306 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 9.7% at a $287,500 entry. Equity gained on principal adds $1,855/yr while 5% annual appreciation compounds into $79,431 by year five. Five-year ROI records 140.07% and total cumulative return in cash reaches $133,499. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,324/mo property income versus a $1,407/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.44 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28586, Vanceboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,113 (64.4%) |
| Renter Occupied HU | 700 (21.3%) |
| Vacant Housing Units | 470 (14.3%) |
| Median Home Value | $204,813 |
| Average Home Value | $301,394 |
Housing Distribution
Address Breakdown
Residential
3,222
Single Family
3,198
Multi-Family
24
Businesses
191
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Nearby investment properties with comparable prices
Listed by: The Kiser Group • NorthGroup
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100454253
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS