269 Lake View Rd LOT 12EngelhardNC27824
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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 Engelhard at 269 Lake View Rd LOT 12, Engelhard, NC, 27824 offers a 0% rental yield on a $149,500 purchase with $0/mo rent. 16% in year one. Equity gained on principal adds $965/yr while 5% annual appreciation supports $41,304 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $732/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27824, Engelhard, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 387 (48.2%) |
| Renter Occupied HU | 164 (20.4%) |
| Vacant Housing Units | 252 (31.4%) |
| Median Home Value | $131,855 |
| Average Home Value | $158,850 |
Housing Distribution
Address Breakdown
Residential
413
Single Family
397
Multi-Family
16
Businesses
48
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Listed by: Dillon Jones • Harrell & Associates
Mls Name: OBAR
Mls ID: #129665