129 Fair Oaks RoadChocowinityNC27817
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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 Chocowinity at 129 Fair Oaks Road, Chocowinity, NC, 27817 priced at $387,000 pairs $2,332/mo rent with after a $1,894/mo payment. Total monthly income equals $2,332/mo. Return on cash invested is 19.66% in year one, and rental yield stands at 7.23% on a $387,000 basis. Equity gained on principal adds $2,497/yr, and 5% annual appreciation accumulates to $106,921 by year five. Five-year ROI measures 101.41% and total cumulative return in cash reaches $130,094. For financing, Ziffy Mortgage’s DSCR program evaluates $2,332/mo property income against a $1,894/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27817, Chocowinity, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,909 (100%) |
| Owner Occupied HU | 2,464 (63.0%) |
| Renter Occupied HU | 719 (18.4%) |
| Vacant Housing Units | 726 (18.6%) |
| Median Home Value | $283,099 |
| Average Home Value | $321,310 |
Housing Distribution
Address Breakdown
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
130
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Listed by: SYBIL KIRKNER • eXp Realty
Mls Name: Hive MLS
Mls ID: #100548597