147 Dr Newbern Rd LOT 3Powells PtNC27966
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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 Powells Pt at 147 Dr Newbern Rd LOT 3, Powells Pt, NC, 27966 earns from $2,206/mo rent with a $1,872/mo payment. Total monthly income totals $2,206/mo. ROI tracks 18.73% on current figures, and rental yield reads 6.92% at a $382,500 purchase. Equity gained on principal adds $2,468/yr, and 5% annual appreciation supports $105,678 over five years. Five-year ROI reaches 96.36% and total cumulative return in cash sums $122,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,206/mo property income instead of your personal income.
Single Family
Built in 1999
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27966, Powells Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 702 (100%) |
| Owner Occupied HU | 468 (66.7%) |
| Renter Occupied HU | 136 (19.4%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $364,557 |
| Average Home Value | $379,012 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
97
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Listed by: Mark J Massey • Outer Banks Realty Group
Mls Name: OBAR
Mls Provider:
Mls ID: #129048
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.