27231 Farrow Dr LOT 3SalvoNC27972
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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 Salvo at 27231 Farrow Dr LOT 3, Salvo, NC, 27972 listed at $779,000 pairs $0/mo rent with a $3,813/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -2.17% in year one, and rental yield registers 0% at a $779,000 basis. Equity gained on principal adds $5,027/yr, and annual property appreciation at 5% supports $215,223 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $3,813/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27972, Salvo, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 665 (100%) |
| Owner Occupied HU | 111 (16.7%) |
| Renter Occupied HU | 28 ( 4.2%) |
| Vacant Housing Units | 526 (79.1%) |
| Median Home Value | $390,385 |
| Average Home Value | $504,279 |
Housing Distribution
Address Breakdown
Residential
22
Single Family
1
Multi-Family
0
Businesses
2
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No similar rental properties found nearby.
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Listed by: Lisa Hux • Surf or Sound Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #129642
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