222 Laurel DrivePikevilleNC27863
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pikeville at 222 Laurel Drive, Pikeville, NC, 27863 at $360,000 posts ROI 23.32% with $339/mo cash flow from $2,533/mo rent. Total monthly income equals $2,533/mo, and annual cash flow records $4,068/yr on $119,340 to close. Return on cash invested measures 23.32% and rental yield reads 8.44% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 120.98% and total cumulative return in cash totals $144,381.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,533/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2010
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27863, Pikeville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,537 (100%) |
| Owner Occupied HU | 3,944 (71.2%) |
| Renter Occupied HU | 1,100 (19.9%) |
| Vacant Housing Units | 493 ( 8.9%) |
| Median Home Value | $215,691 |
| Average Home Value | $220,096 |
Housing Distribution
Address Breakdown
Residential
5,248
Single Family
5,248
Multi-Family
0
Businesses
152
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Nearby investment properties with comparable prices
Listed by: Jesse Lancaster • Wilkins & Lancaster Realty, LLC
Mls Name: Hive MLS
Mls ID: #100548621