122 Kaeley LnElm CityNC27822
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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 Elm City at 122 Kaeley Ln, Elm City, NC, 27822 priced at $184,500 converts $1,489/mo rent into $365/mo cash flow after a $903/mo obligation. Total monthly income equals $1,489/mo, and annual cash flow totals $4,375/yr on $61,162 invested. Return on cash invested prints 27.06% in year one, and rental yield reads 9.68% against a $184,500 entry. Equity gained on principal adds $1,191/yr, while 5% annual appreciation compiles into $50,974 by year five. Five-year ROI reaches 141.11% and total cumulative return in cash sums $86,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,489/mo property income covering a $903/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27822, Elm City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,733 (100%) |
| Owner Occupied HU | 2,723 (72.9%) |
| Renter Occupied HU | 693 (18.6%) |
| Vacant Housing Units | 317 ( 8.5%) |
| Median Home Value | $192,828 |
| Average Home Value | $231,340 |
Housing Distribution
Address Breakdown
Residential
3,484
Single Family
3,484
Multi-Family
0
Businesses
152
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Listed by: Marcy Lynne Rozelle • Century 21 Folks Properties
Mls Name: Doorify MLS
Mls ID: #10106896