18809 Nc Highway 87 ERiegelwoodNC28456
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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 Riegelwood at 18809 Nc Highway 87 E, Riegelwood, NC, 28456 offers a 6.79% rental yield on a $290,000 purchase with $1,640/mo rent. 32% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,122 over five years. Portfolio math shows five-year ROI at 94.2% and total cumulative return in cash at $90,556. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,640/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 1983
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28456, Riegelwood, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,572 (100%) |
| Owner Occupied HU | 1,109 (70.5%) |
| Renter Occupied HU | 270 (17.2%) |
| Vacant Housing Units | 193 (12.3%) |
| Median Home Value | $211,493 |
| Average Home Value | $225,679 |
Housing Distribution
Address Breakdown
Residential
1,517
Single Family
1,517
Multi-Family
0
Businesses
86
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Listed by: Viviana George • Southern Realty Group LLC
Mls Name: Hive MLS
Mls ID: #100547402