115 Sunshine Lane #CWintervilleNC28590
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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 Winterville at 115 Sunshine Lane #C, Winterville, NC, 28590 priced at $200,000 pairs $1,597/mo rent with $378/mo cash flow after a $979/mo payment. Total monthly income equals $1,597/mo, and annual cash flow comes to $4,536/yr on $66,300 invested. Return on cash invested is 26.75% in year one, and rental yield stands at 9.58% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 139.41% and total cumulative return in cash reaches $92,432. For financing, Ziffy Mortgage’s DSCR program evaluates $1,597/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1998
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28590, Winterville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,139 (100%) |
| Owner Occupied HU | 8,173 (67.3%) |
| Renter Occupied HU | 3,263 (26.9%) |
| Vacant Housing Units | 703 ( 5.8%) |
| Median Home Value | $279,164 |
| Average Home Value | $290,228 |
Housing Distribution
Address Breakdown
Residential
12,254
Single Family
11,249
Multi-Family
1,005
Businesses
674
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Listed by: TAHAIA (KUNNY) BROTHERS • Century 21 The Realty Group
Mls Name: Hive MLS
Mls ID: #100538637