115 E White Pine Dr LOT 116MoyockNC27958
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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
Investment property for sale in Moyock at 115 E White Pine Dr LOT 116, Moyock, NC, 27958 uses $120,964 cash to close to unlock $3,889/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $2,548/mo, and a $1,786/mo payment keeps the spread at $324/mo. Purchase price stands at $364,900, and rental yield measures 8.38% with $2,548/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 119.99% and total cumulative return in cash records $145,140. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,548/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27958, Moyock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,131 (100%) |
| Owner Occupied HU | 4,429 (86.3%) |
| Renter Occupied HU | 510 ( 9.9%) |
| Vacant Housing Units | 192 ( 3.7%) |
| Median Home Value | $393,432 |
| Average Home Value | $424,716 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,380
Multi-Family
0
Businesses
264
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Listed by: Jason E Banks • The Banks Real Estate Group, LLC
Mls Name: OBAR
Mls ID: #131358