1809 Sherwood DriveScotland NeckNC27874
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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 Scotland Neck at 1809 Sherwood Drive, Scotland Neck, NC, 27874 listed at $265,000 pairs $2,410/mo rent with a $1,297/mo payment to leave $795/mo cash flow. Total monthly income runs $2,410/mo, and annual cash flow reaches $9,540/yr on $87,848 cash to close. Return on cash invested measures 30.77% in year one, and rental yield registers 10.91% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 160.95% and total cumulative return in cash totals $141,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,410/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27874, Scotland Neck, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,109 (51.4%) |
| Renter Occupied HU | 666 (30.9%) |
| Vacant Housing Units | 382 (17.7%) |
| Median Home Value | $88,218 |
| Average Home Value | $133,528 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,757
Multi-Family
7
Businesses
149
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Listed by: Sterling Grimes • Foote Real Estate LLC
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100461968
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC