117 E 9th StScotland NeckNC27874
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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 Scotland Neck at 117 E 9th St, Scotland Neck, NC, 27874 listed at $170,000 pairs $1,369/mo rent with a $832/mo payment to leave $333/mo cash flow. Total monthly income runs $1,369/mo, and annual cash flow reaches $3,996/yr on $56,355 cash to close. Return on cash invested measures 27% in year one, and rental yield registers 9.66% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 140.75% and total cumulative return in cash totals $79,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,369/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27874, Scotland Neck, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,109 (51.4%) |
| Renter Occupied HU | 666 (30.9%) |
| Vacant Housing Units | 382 (17.7%) |
| Median Home Value | $88,218 |
| Average Home Value | $133,528 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,757
Multi-Family
7
Businesses
149
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Listed by: Vickie Irby • Coldwell Banker Advantage-Littleton
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140554