148A Coinjock Canal Rd LOT 21 & 22CoinjockNC27923
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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 Coinjock at 148A Coinjock Canal Rd LOT 21 & 22, Coinjock, NC, 27923 listed at $420,000 pairs $3,347/mo rent with a $2,056/mo payment to leave $787/mo cash flow. Total monthly income runs $3,347/mo, and annual cash flow reaches $9,444/yr on $139,230 cash to close. Return on cash invested measures 26.69% in year one, and rental yield registers 9.56% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 139.08% and total cumulative return in cash totals $193,639. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,347/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27923, Coinjock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 336 (100%) |
| Owner Occupied HU | 212 (63.1%) |
| Renter Occupied HU | 65 (19.3%) |
| Vacant Housing Units | 59 (17.6%) |
| Median Home Value | $373,239 |
| Average Home Value | $472,771 |
Housing Distribution
Address Breakdown
Residential
279
Single Family
279
Multi-Family
0
Businesses
22
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Listed by: Gretchen Keeter • Water Street Real Estate Group
Mls Name: OBAR
Mls ID: #131148