1942 Nc 33ChocowinityNC27817
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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 Chocowinity at 1942 Nc 33, Chocowinity, NC, 27817 uses $81,218 cash to close to unlock $2,244/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,199/mo payment keeps the spread at $187/mo. Purchase price stands at $245,000, and rental yield measures 8.23% with $1,680/mo rent. Return on cash invested shows 22.67% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 117.54% and total cumulative return in cash records $95,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27817, Chocowinity, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,909 (100%) |
| Owner Occupied HU | 2,464 (63.0%) |
| Renter Occupied HU | 719 (18.4%) |
| Vacant Housing Units | 726 (18.6%) |
| Median Home Value | $283,099 |
| Average Home Value | $321,310 |
Housing Distribution
Address Breakdown
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
130
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Listed by: Addison Carl Johnson • TIU Real Estate
Mls Name: Hive MLS
Mls ID: #100542733