12440 N Lake RdEngelhardNC27824
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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 Engelhard at 12440 N Lake Rd, Engelhard, NC, 27824 uses $51,051 cash to close to unlock $2,666/yr annual cash flow and $222/mo monthly cash flow. Total monthly income runs $1,161/mo, and a $754/mo payment keeps the spread at $222/mo. Purchase price stands at $154,000, and rental yield measures 9.05% with $1,161/mo rent. Return on cash invested shows 25.13% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 130.81% and total cumulative return in cash records $66,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,161/mo property income covering a $754/mo payment rather than investor’s personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27824, Engelhard, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 387 (48.2%) |
| Renter Occupied HU | 164 (20.4%) |
| Vacant Housing Units | 252 (31.4%) |
| Median Home Value | $131,855 |
| Average Home Value | $158,850 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
397
Multi-Family
16
Businesses
48
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No similar rental properties found nearby.
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Listed by: Dillon Jones • Harrell & Associates
Mls Name: OBAR
Mls Provider:
Mls ID: #127661
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.