161 Emerson Fields DrivePikevilleNC27863
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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 Pikeville at 161 Emerson Fields Drive, Pikeville, NC, 27863 uses $96,102 cash to close to unlock $2,269/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,419/mo payment keeps the spread at $189/mo. Purchase price stands at $289,900, and rental yield measures 8.1% with $1,956/mo rent. Return on cash invested shows 22.27% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 115.42% and total cumulative return in cash records $110,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27863, Pikeville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,537 (100%) |
| Owner Occupied HU | 3,944 (71.2%) |
| Renter Occupied HU | 1,100 (19.9%) |
| Vacant Housing Units | 493 ( 8.9%) |
| Median Home Value | $215,691 |
| Average Home Value | $220,096 |
Housing Distribution
Address Breakdown
Residential
5,248
Single Family
5,248
Multi-Family
0
Businesses
152
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Listed by: Daniel P Sprouse • Mark Spain Real Estate
Mls Name: Hive MLS
Mls ID: #100517685