121 Bryan Rd LOT 11Knotts IslandNC27950
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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 Knotts Island at 121 Bryan Rd LOT 11, Knotts Island, NC, 27950 offers a 8.49% rental yield on a $309,500 purchase with $2,190/mo rent. Total monthly income registers $2,190/mo, and a $1,515/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,643/yr on $102,599 to close, and return on cash invested stands at 23.46% in year one. Equity gained on principal adds $1,997/yr while 5% annual appreciation supports $85,509 over five years. Portfolio math shows five-year ROI at 121.77% and total cumulative return in cash at $124,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,190/mo property income against a $1,515/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27950, Knotts Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 998 (100%) |
| Owner Occupied HU | 745 (74.6%) |
| Renter Occupied HU | 113 (11.3%) |
| Vacant Housing Units | 140 (14.0%) |
| Median Home Value | $262,059 |
| Average Home Value | $282,020 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
842
Multi-Family
0
Businesses
21
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Listed by: Michelle K Smith • Sun Realty - Kitty Hawk / Currituck
Mls Name: OBAR
Mls ID: #130678