213 Sandy Cove LaneSneads FerryNC28460
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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 Sneads Ferry at 213 Sandy Cove Lane, Sneads Ferry, NC, 28460 with 5% annual appreciation on a $326,900 basis while $2,053/mo rent supports operations. Total monthly income totals $2,053/mo and a $1,600/mo payment preserves $61/mo for cash returns. Annual cash flow comes to $729/yr on $108,367 deployed, and return on cash invested reaches 20.58% in year one. Equity gained on principal adds $2,109/yr, and five-year appreciation sums $90,316 alongside rental yield of 7.54%. Five-year ROI measures 106.32% and total cumulative return in cash totals $115,221.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,053/mo property income versus a $1,600/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2024
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28460, Sneads Ferry, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,167 (100%) |
| Owner Occupied HU | 4,456 (43.8%) |
| Renter Occupied HU | 1,736 (17.1%) |
| Vacant Housing Units | 3,975 (39.1%) |
| Median Home Value | $345,363 |
| Average Home Value | $372,482 |
Housing Distribution
Address Breakdown
Residential
7,684
Single Family
6,998
Multi-Family
686
Businesses
379
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Listed by: Anita Afify • ACCESS REALTY GROUP
Mls Name: Hive MLS
Mls ID: #100544875