232 Chase DriveSnow HillNC28580
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 232 Chase Drive, Snow Hill, NC, 28580 in Snow Hill is listed at $234,900 and delivers $1,946/mo in rent and $515/mo in net monthly cash flow. The 9.94% yield and 1.84 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $64,899 over five years, and $2,163/yr in principal reduction supplements cash return. Total projected cumulative return: $122,147.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $515 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,946 |
| Total Monthly Debt Service | $1,338 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28580, Snow Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,435 (100%) |
| Owner Occupied HU | 2,710 (61.1%) |
| Renter Occupied HU | 1,270 (28.6%) |
| Vacant Housing Units | 455 (10.3%) |
| Median Home Value | $154,730 |
| Average Home Value | $196,928 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,998
Multi-Family
64
Businesses
355
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
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28580, Snow Hill, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,435 (100%) |
| Owner Occupied HU | 2,710 (61.1%) |
| Renter Occupied HU | 1,270 (28.6%) |
| Vacant Housing Units | 455 (10.3%) |
| Median Home Value | $154,730 |
| Average Home Value | $196,928 |
Housing Distribution
Address Breakdown
Residential
4,062
Single Family
3,998
Multi-Family
64
Businesses
355
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices