244 N Spot RdPowells PointNC27966
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 Powells Point at 244 N Spot Rd, Powells Point, NC, 27966 earns from $1,900/mo rent with a $2,031/mo payment. Total monthly income totals $1,900/mo. ROI tracks 14.42% on current figures, and rental yield reads 5.49% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 73.28% and total cumulative return in cash sums $100,809. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,900/mo property income instead of your personal income.
Manufactured
Built in 1989
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27966, Powells Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 702 (100%) |
| Owner Occupied HU | 468 (66.7%) |
| Renter Occupied HU | 136 (19.4%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $364,557 |
| Average Home Value | $379,012 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie J Day • Landmark Sotheby's International Realty
Mls Name: OBAR
Mls ID: #130088