175 Michael St LOT 19JarvisburgNC27947
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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 Jarvisburg at 175 Michael St LOT 19, Jarvisburg, NC, 27947 offers a 11.67% rental yield on a $289,900 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $1,419/mo payment leaves $1,053/mo available for distribution. Annual cash flow reaches $12,637/yr on $96,102 to close, and return on cash invested stands at 33.06% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 173.29% and total cumulative return in cash at $166,533. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27947, Jarvisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 571 (100%) |
| Owner Occupied HU | 399 (69.9%) |
| Renter Occupied HU | 99 (17.3%) |
| Vacant Housing Units | 73 (12.8%) |
| Median Home Value | $355,600 |
| Average Home Value | $392,550 |
Housing Distribution
Address Breakdown
Residential
411
Single Family
411
Multi-Family
0
Businesses
42
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Listed by: Brook R Sparks • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls ID: #131579