225 Mckae DriveGloucesterNC28528
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 Gloucester at 225 Mckae Drive, Gloucester, NC, 28528 with 5% annual appreciation on a $240,000 basis while $2,387/mo rent supports operations. Total monthly income totals $2,387/mo and a $1,175/mo payment preserves $924/mo for cash returns. Annual cash flow comes to $11,088/yr on $79,560 deployed, and return on cash invested reaches 33.85% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 11.94%. Five-year ROI measures 177.45% and total cumulative return in cash totals $141,182.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,387/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28528, Gloucester, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 229 (57.0%) |
| Renter Occupied HU | 44 (10.9%) |
| Vacant Housing Units | 129 (32.1%) |
| Median Home Value | $359,848 |
| Average Home Value | $465,360 |
Housing Distribution
Address Breakdown
Residential
270
Single Family
270
Multi-Family
0
Businesses
5
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Listed by: Holland Shepard Group Team • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls ID: #100543032