191 Old Carteret RoadSmyrnaNC28579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Smyrna at 191 Old Carteret Road, Smyrna, NC, 28579 with 5% annual appreciation on a $330,000 basis while $2,016/mo rent supports operations. Total monthly income totals $2,016/mo and a $1,615/mo payment preserves $5/mo for cash returns. Annual cash flow comes to $60/yr on $109,395 deployed, and return on cash invested reaches 19.96% in year one. Equity gained on principal adds $2,129/yr, and five-year appreciation sums $91,173 alongside rental yield of 7.33%. Five-year ROI measures 103% and total cumulative return in cash totals $112,679.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,016/mo property income versus a $1,615/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28579, Smyrna, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 415 (100%) |
| Owner Occupied HU | 256 (61.7%) |
| Renter Occupied HU | 37 ( 8.9%) |
| Vacant Housing Units | 122 (29.4%) |
| Median Home Value | $443,636 |
| Average Home Value | $507,803 |
Housing Distribution
Address Breakdown
Residential
232
Single Family
232
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Local Group Team • eXp Realty
Mls Name: Hive MLS
Mls ID: #100550192