12440 N Lake RdEngelhardNC27824
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 12440 N Lake Rd, Engelhard, NC, 27824 in Engelhard. At $154,000 it earns $1,161/mo in rent and distributes $222/mo to the owner after the $692/mo payment, a consistent 9.05% yield. DSCR 1.68 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $42,547 in value; $1,418/yr in principal paydown compounds ownership stake. Total projected return: $72,722.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $222 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,161 |
| Total Monthly Debt Service | $877 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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.