237 Snug Harbor LaneChocowinityNC27808
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 237 Snug Harbor Lane, Chocowinity, NC, 27808 in Chocowinity is capital appreciation. Rental yield 4.21%. The 4.21% gross yield at $375,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $103,606 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.78) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $79,604.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 6.2% |
| Monthly Cash Flow | $(970) | $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 | $1,315 |
| Total Monthly Debt Service | $2,136 |
| DSCR Ratio | 0.62x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2015
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27808, Bath, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,598 (100%) |
| Owner Occupied HU | 953 (59.6%) |
| Renter Occupied HU | 158 ( 9.9%) |
| Vacant Housing Units | 487 (30.5%) |
| Median Home Value | $411,922 |
| Average Home Value | $420,575 |
Housing Distribution
Address Breakdown
Residential
1,221
Single Family
1,221
Multi-Family
0
Businesses
61
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 2015
1.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27808, Bath, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,598 (100%) |
| Owner Occupied HU | 953 (59.6%) |
| Renter Occupied HU | 158 ( 9.9%) |
| Vacant Housing Units | 487 (30.5%) |
| Median Home Value | $411,922 |
| Average Home Value | $420,575 |
Housing Distribution
Address Breakdown
Residential
1,221
Single Family
1,221
Multi-Family
0
Businesses
61
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brigette Dickson • Keller Williams Realty Points East
Mls Name: Hive MLS
Mls ID: #100547555