216 N Pine StreetOak CityNC27857
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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 Oak City at 216 N Pine Street, Oak City, NC, 27857 uses $53,040 cash to close to unlock $3,612/yr annual cash flow and $301/mo monthly cash flow. Total monthly income runs $1,276/mo, and a $783/mo payment keeps the spread at $301/mo. Purchase price stands at $160,000, and rental yield measures 9.57% with $1,276/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 139.23% and total cumulative return in cash records $73,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,276/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27857, Oak City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 337 (58.0%) |
| Renter Occupied HU | 118 (20.3%) |
| Vacant Housing Units | 126 (21.7%) |
| Median Home Value | $136,638 |
| Average Home Value | $177,129 |
Housing Distribution
Address Breakdown
Residential
499
Single Family
499
Multi-Family
0
Businesses
22
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Listed by: Tracey Ayers • Allen Tate - ENC Pirate Realty
Mls Name: Hive MLS
Mls ID: #100551346