149 Nc 111ChinquapinNC28521
INVESTMENT ANALYSIS
Investment Verdict
Solid Income149 Nc 111, Chinquapin, NC, 28521 in Chinquapin earns a respectable 9.06% gross yield at $119,900, but after the $539/mo mortgage the net cash flow is $174/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.68) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $33,126 over five years, making equity the dominant return driver. Total projected return: $56,688.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $174 | $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 | $905 |
| Total Monthly Debt Service | $683 |
| 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 1949
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28521, Chinquapin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 879 (100%) |
| Owner Occupied HU | 595 (67.7%) |
| Renter Occupied HU | 137 (15.6%) |
| Vacant Housing Units | 147 (16.7%) |
| Median Home Value | $173,553 |
| Average Home Value | $257,244 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
943
Multi-Family
5
Businesses
35
Nearby investment properties with comparable rents
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 1949
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28521, Chinquapin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 879 (100%) |
| Owner Occupied HU | 595 (67.7%) |
| Renter Occupied HU | 137 (15.6%) |
| Vacant Housing Units | 147 (16.7%) |
| Median Home Value | $173,553 |
| Average Home Value | $257,244 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
943
Multi-Family
5
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Curt W Simpson • Simpson Real Estate Group Inc
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100478619
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-22 19:05:28 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. 2025-02-22 19:05:28 PST Hive MLS