121B Jarvis Landing Dr UNIT 29JarvisburgNC27947
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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 Jarvisburg at 121B Jarvis Landing Dr UNIT 29, Jarvisburg, NC, 27947 uses $126,965 cash to close to unlock $5,825/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,875/mo payment keeps the spread at $485/mo. Purchase price stands at $383,000, and rental yield measures 8.84% with $2,820/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $105,816 over five years. Five-year ROI reaches 127.34% and total cumulative return in cash records $161,682. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,875/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27947, Jarvisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 399 (69.9%) |
| Renter Occupied HU | 99 (17.3%) |
| Vacant Housing Units | 73 (12.8%) |
| Median Home Value | $355,600 |
| Average Home Value | $392,550 |
Housing Distribution
Address Breakdown
Residential
411
Single Family
411
Multi-Family
0
Businesses
42
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Listed by: Brittany M Johnston • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #130037