2169 Us Highway 1 NNorlinaNC27563
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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
Total monthly income runs $2,095/mo, and a $6,803/mo payment. Purchase price stands at $1,390,000, and rental yield measures 1.81% with $2,095/mo rent. Return on cash invested shows 3.38% in year one, and 5% annual appreciation builds toward $384,031 over five years. Five-year ROI reaches 13.98% and total cumulative return in cash records $62,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,095/mo property income covering a $6,803/mo payment rather than investor’s personal income.
Single Family
Built in 1955
190 Acres 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: Faye Guin • Century 21 Country Knolls Realty
Mls Name: Southern Piedmont Land & Lake AOR
Mls ID: #69120
Disclaimer: Copyright Southern Piedmont Land & Lake Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.