206 W Blalock RoadLucamaNC27851
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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 Lucama at 206 W Blalock Road, Lucama, NC, 27851 listed at $279,900 pairs $1,756/mo rent with a $1,370/mo payment to leave $50/mo cash flow. Total monthly income runs $1,756/mo, and annual cash flow reaches $601/yr on $92,787 cash to close. Return on cash invested measures 20.56% in year one, and rental yield registers 7.53% at a $279,900 basis. Equity gained on principal adds $1,806/yr, and annual property appreciation at 5% supports $77,331 by year five. Five-year ROI tracks 106.23% and total cumulative return in cash totals $98,569. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,756/mo property income relative to a $1,370/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27851, Lucama, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,341 (100%) |
| Owner Occupied HU | 1,532 (65.4%) |
| Renter Occupied HU | 511 (21.8%) |
| Vacant Housing Units | 298 (12.7%) |
| Median Home Value | $240,802 |
| Average Home Value | $245,692 |
Housing Distribution
Address Breakdown
Residential
1,953
Single Family
1,953
Multi-Family
0
Businesses
64
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Listed by: Patricia Judith Roberson • Foote Real Estate LLC
Mls Name: Hive MLS
Mls ID: #100529468