203 Devon CourtJacksonvilleNC28546
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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
Rental property for sale in Jacksonville at 203 Devon Court, Jacksonville, NC, 28546 generates $1,382/mo in rent, after a $1,175/mo payment. Total monthly income is $1,382/mo. Return on cash invested sits at 18.69% in year one, and rental yield is 6.91% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 96.14% and total cumulative return in cash sums $76,490. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,382/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28546, Jacksonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,233 (100%) |
| Owner Occupied HU | 11,300 (48.6%) |
| Renter Occupied HU | 9,348 (40.2%) |
| Vacant Housing Units | 2,585 (11.1%) |
| Median Home Value | $260,062 |
| Average Home Value | $290,597 |
Housing Distribution
Address Breakdown
Residential
21,736
Single Family
17,472
Multi-Family
4,264
Businesses
1,423
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Listed by: Holly Griffith • Coldwell Banker Sea Coast Advantage-Hampstead
Mls Name: Hive MLS
Mls ID: #100546009