237 Snug Harbor LaneChocowinityNC27808
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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 Chocowinity at 237 Snug Harbor Lane, Chocowinity, NC, 27808 listed at $375,000 pairs $1,315/mo rent with a $1,835/mo payment. Total monthly income runs $1,315/mo. Return on cash invested measures 10.55% in year one, and rental yield registers 4.21% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 52.5% and total cumulative return in cash totals $65,259. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,315/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Brigette Dickson • Keller Williams Realty Points East
Mls Name: Hive MLS
Mls ID: #100547555