1609 Main StScotland NeckNC27874
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1609 Main St, Scotland Neck, NC, 27874 in Scotland Neck. Priced at $235,000, it generates $2,335/mo in gross rent and $903/mo in net monthly cash flow, a 11.92% yield that comfortably supports the 2.21 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,836. Five-year appreciation: $64,926. Equity from principal paydown: $2,164/yr. Total projected cumulative return: $147,080.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.2% |
| Monthly Cash Flow | $903 | $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 | $2,335 |
| Total Monthly Debt Service | $1,339 |
| DSCR Ratio | 1.74x |
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
0.90 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
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
0.90 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ralph M Harvey • ListWithFreedom.com
Mls Name: Doorify MLS
Mls ID: #10140310