269 Beaver Dam RdNorlinaNC27563
Nearby investment properties with comparable rents
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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 Norlina at 269 Beaver Dam Rd, Norlina, NC, 27563 offers $1,466/mo rent that, after a $1,346/mo payment. Total monthly income is $1,466/mo. Return on cash invested measures 17.14% in year one, and rental yield stands at 6.4% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 87.86% and total cumulative return in cash reaches $80,099. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,466/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27563, Norlina, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,223 (55.1%) |
| Renter Occupied HU | 675 (30.4%) |
| Vacant Housing Units | 322 (14.5%) |
| Median Home Value | $121,843 |
| Average Home Value | $163,295 |
Housing Distribution
Address Breakdown
Residential
1,617
Single Family
1,617
Multi-Family
0
Businesses
105
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Nearby investment properties with comparable prices
Listed by: Chelci Sutton • Berkshire Hathaway HomeService
Mls Name: Doorify MLS
Mls ID: #10132038