240 Woodleigh RoadKnotts IslandNC27950
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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
Rental property for sale in Knotts Island at 240 Woodleigh Road, Knotts Island, NC, 27950 priced at $435,000 converts $2,791/mo rent into $140/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,791/mo, and annual cash flow totals $1,680/yr on $144,203 invested. Return on cash invested prints 21.07% in year one, and rental yield reads 7.7% against a $435,000 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation compiles into $120,182 by year five. Five-year ROI reaches 108.96% and total cumulative return in cash sums $157,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,791/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27950, Knotts Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 998 (100%) |
| Owner Occupied HU | 745 (74.6%) |
| Renter Occupied HU | 113 (11.3%) |
| Vacant Housing Units | 140 (14.0%) |
| Median Home Value | $262,059 |
| Average Home Value | $282,020 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
842
Multi-Family
0
Businesses
21
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Listed by: Janet Rose • Howard Hanna WEW/Moyock
Mls Name: Hive MLS
Mls ID: #100540532