164 Foster Forbes Rd LOT 97MPowells PtNC27966
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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 Powells Pt at 164 Foster Forbes Rd LOT 97M, Powells Pt, NC, 27966 earns $205/mo cash flow from $3,313/mo rent with a $2,496/mo payment. Total monthly income totals $3,313/mo, and annual cash flow totals $2,460/yr on $167,790 capital. ROI tracks 21.53% on current figures, and rental yield reads 7.8% at a $510,000 purchase. Equity gained on principal adds $3,291/yr, and 5% annual appreciation supports $140,904 over five years. Five-year ROI reaches 111.35% and total cumulative return in cash sums $186,831. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,313/mo property income instead of your personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27966, Powells Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 702 (100%) |
| Owner Occupied HU | 468 (66.7%) |
| Renter Occupied HU | 136 (19.4%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $364,557 |
| Average Home Value | $379,012 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
97
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Listed by: Landry P Brown • Iron Valley Real Estate Virgin
Mls Name: OBAR
Mls ID: #130031