19402 Highway 64East LakeNC27953
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 East Lake at 19402 Highway 64, East Lake, NC, 27953 earns $534/mo cash flow from $3,575/mo rent with a $2,442/mo payment. Total monthly income totals $3,575/mo, and annual cash flow totals $6,410/yr on $165,419 capital. ROI tracks 23.78% on current figures, and rental yield reads 8.6% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 123.52% and total cumulative return in cash sums $204,318. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,575/mo property income instead of your personal income.
Single Family
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27953, Manns Harbor, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 310 (56.1%) |
| Renter Occupied HU | 119 (21.5%) |
| Vacant Housing Units | 124 (22.4%) |
| Median Home Value | $313,043 |
| Average Home Value | $351,879 |
Housing Distribution
Address Breakdown
Residential
226
Single Family
226
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Audra M Shackelford • The Shackelford Group
Mls Name: OBAR
Mls ID: #131607