1609 Main StScotland NeckNC27874
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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 Scotland Neck at 1609 Main St, Scotland Neck, NC, 27874 offers a 8.68% rental yield on a $255,000 purchase with $1,844/mo rent. Total monthly income registers $1,844/mo, and a $1,248/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,480/yr on $84,533 to close, and return on cash invested stands at 24.03% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 124.78% and total cumulative return in cash at $105,476. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,844/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27874, Scotland Neck, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,109 (51.4%) |
| Renter Occupied HU | 666 (30.9%) |
| Vacant Housing Units | 382 (17.7%) |
| Median Home Value | $88,218 |
| Average Home Value | $133,528 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,757
Multi-Family
7
Businesses
149
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Listed by: Ralph M Harvey • ListWithFreedom.com
Mls Name: Doorify MLS
Mls ID: #10140310