227 Remington DrCoatsNC27521
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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
Rental property for sale in Coats at 227 Remington Dr, Coats, NC, 27521 offers $1,753/mo rent that, after a $1,370/mo payment, leaves $47/mo cash flow. Total monthly income is $1,753/mo, and annual cash flow is $564/yr on $92,820 cash. Return on cash invested measures 20.52% in year one, and rental yield stands at 7.51% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 105.97% and total cumulative return in cash reaches $98,361. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,753/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27521, Coats, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 1,807 (62.6%) |
| Renter Occupied HU | 838 (29.0%) |
| Vacant Housing Units | 240 ( 8.3%) |
| Median Home Value | $313,495 |
| Average Home Value | $342,104 |
Housing Distribution
Address Breakdown
Residential
2,543
Single Family
2,496
Multi-Family
47
Businesses
123
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Listed by: Donald Byrd • Red Rock Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10140688