1640 Blue Sky RdHalifaxNC27839
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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 Halifax at 1640 Blue Sky Rd, Halifax, NC, 27839 with 5% annual appreciation on a $360,000 basis while $2,981/mo rent supports operations. Total monthly income totals $2,981/mo and a $1,762/mo payment preserves $787/mo for cash returns. Annual cash flow comes to $9,444/yr on $119,340 deployed, and return on cash invested reaches 27.82% in year one. Equity gained on principal adds $2,323/yr, and five-year appreciation sums $99,461 alongside rental yield of 9.94%. Five-year ROI measures 145.14% and total cumulative return in cash totals $173,205.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,981/mo property income versus a $1,762/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27839, Halifax, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,427 (100%) |
| Owner Occupied HU | 875 (61.3%) |
| Renter Occupied HU | 257 (18.0%) |
| Vacant Housing Units | 295 (20.7%) |
| Median Home Value | $87,989 |
| Average Home Value | $162,220 |
Housing Distribution
Address Breakdown
Residential
1,030
Single Family
1,030
Multi-Family
0
Businesses
128
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Listed by: Linda Hedgepeth, SFR, ABR, CSSS • Lake Gaston Edge Realty
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138500
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.