115 Melrose PlPikevilleNC27863
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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 Pikeville at 115 Melrose Pl, Pikeville, NC, 27863 priced at $300,000 pairs $1,930/mo rent with $102/mo cash flow after a $1,468/mo payment. Total monthly income equals $1,930/mo, and annual cash flow comes to $1,224/yr on $99,450 invested. Return on cash invested is 21.14% in year one, and rental yield stands at 7.72% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 109.31% and total cumulative return in cash reaches $108,708. For financing, Ziffy Mortgage’s DSCR program evaluates $1,930/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27863, Pikeville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,537 (100%) |
| Owner Occupied HU | 3,944 (71.2%) |
| Renter Occupied HU | 1,100 (19.9%) |
| Vacant Housing Units | 493 ( 8.9%) |
| Median Home Value | $215,691 |
| Average Home Value | $220,096 |
Housing Distribution
Address Breakdown
Residential
5,248
Single Family
5,248
Multi-Family
0
Businesses
152
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Listed by: CJ Jones • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10135046