209 Terrell StNorlinaNC27563
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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 Norlina at 209 Terrell St, Norlina, NC, 27563 uses $94,444 cash to close to unlock $769/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $1,394/mo payment keeps the spread at $64/mo. Purchase price stands at $284,900, and rental yield measures 7.58% with $1,800/mo rent. Return on cash invested shows 20.72% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 107.14% and total cumulative return in cash records $101,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27563, Norlina, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,223 (55.1%) |
| Renter Occupied HU | 675 (30.4%) |
| Vacant Housing Units | 322 (14.5%) |
| Median Home Value | $121,843 |
| Average Home Value | $163,295 |
Housing Distribution
Address Breakdown
Residential
1,617
Single Family
1,617
Multi-Family
0
Businesses
105
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Listed by: Jaimee Wilder • Fathom Realty NC
Mls Name: Doorify MLS
Mls ID: #10138831