118 Duncans Way LOT 96Powells PtNC27966
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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
Total monthly income runs $2,206/mo, and a $3,426/mo payment. Purchase price stands at $700,000, and rental yield measures 3.78% with $2,206/mo rent. Return on cash invested shows 9.33% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 45.92% and total cumulative return in cash records $105,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,206/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 2015
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27966, Powells Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 702 (100%) |
| Owner Occupied HU | 468 (66.7%) |
| Renter Occupied HU | 136 (19.4%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $364,557 |
| Average Home Value | $379,012 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
97
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Listed by: Karen R Etheridge • Sun Realty - Kitty Hawk / Currituck
Mls Name: OBAR
Mls Provider:
Mls ID: #129378
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