205 Forest View DriveHavelockNC28532
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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 Havelock at 205 Forest View Drive, Havelock, NC, 28532 uses $79,560 cash to close to unlock $3,636/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,766/mo, and a $1,175/mo payment keeps the spread at $303/mo. Purchase price stands at $240,000, and rental yield measures 8.83% with $1,766/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 127.23% and total cumulative return in cash records $101,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,766/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28532, Havelock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,563 (100%) |
| Owner Occupied HU | 4,607 (48.2%) |
| Renter Occupied HU | 3,556 (37.2%) |
| Vacant Housing Units | 1,400 (14.6%) |
| Median Home Value | $214,795 |
| Average Home Value | $251,381 |
Housing Distribution
Address Breakdown
Residential
9,068
Single Family
8,118
Multi-Family
950
Businesses
683
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Listed by: LINDA HOLLAND • COLDWELL BANKER SEA COAST ADVANTAGE
Mls Name: Hive MLS
Mls ID: #100520824