2305 Sawgrass DriveWintervilleNC28590
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 Winterville at 2305 Sawgrass Drive, Winterville, NC, 28590 uses $76,908 cash to close to unlock $2,935/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $1,659/mo, and a $1,136/mo payment keeps the spread at $245/mo. Purchase price stands at $232,000, and rental yield measures 8.58% with $1,659/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $64,097 over five years. Five-year ROI reaches 123.2% and total cumulative return in cash records $94,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,659/mo property income covering a $1,136/mo payment rather than investor’s personal income.
Single Family
Built in 2007
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28590, Winterville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,139 (100%) |
| Owner Occupied HU | 8,173 (67.3%) |
| Renter Occupied HU | 3,263 (26.9%) |
| Vacant Housing Units | 703 ( 5.8%) |
| Median Home Value | $279,164 |
| Average Home Value | $290,228 |
Housing Distribution
Address Breakdown
Residential
12,254
Single Family
11,249
Multi-Family
1,005
Businesses
674
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Odom, Kelly & Dellano Team • Aldridge & Southerland
Mls Name: Hive MLS
Mls ID: #100545301