1620 Little Pine RoadEnniceNC28623
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
Investment Highlights
Investment property for sale in Ennice at 1620 Little Pine Road, Ennice, NC, 28623 offers a 7.85% rental yield on a $199,000 purchase with $1,301/mo rent. Total monthly income registers $1,301/mo, and a $974/mo payment leaves $88/mo available for distribution. Annual cash flow reaches $1,058/yr on $65,969 to close, and return on cash invested stands at 21.51% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 111.39% and total cumulative return in cash at $73,482. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,301/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
3.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28623, Ennice, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,047 (100%) |
| Owner Occupied HU | 584 (55.8%) |
| Renter Occupied HU | 135 (12.9%) |
| Vacant Housing Units | 328 (31.3%) |
| Median Home Value | $302,791 |
| Average Home Value | $280,355 |
Housing Distribution
Address Breakdown
Residential
834
Single Family
834
Multi-Family
0
Businesses
30
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Listed by: Gregory Miller • Alleghany High Country Realty
Mls Name: High Country AOR
Mls ID: #259522