277 Long Ridge Rd UNIT 882-889Old FortNC28762
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 Old Fort at 277 Long Ridge Rd UNIT 882-889, Old Fort, NC, 28762 earns from $2,603/mo rent with a $3,549/mo payment. Total monthly income totals $2,603/mo. ROI tracks 10.34% on current figures, and rental yield reads 4.31% at a $725,000 purchase. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 over five years. Five-year ROI reaches 51.57% and total cumulative return in cash sums $123,017. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,603/mo property income instead of your personal income.
Single Family
Built in 2008
4.79 Acres lot
$N/A/sqft
$1,402 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28762, Old Fort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 2,320 (65.6%) |
| Renter Occupied HU | 625 (17.7%) |
| Vacant Housing Units | 590 (16.7%) |
| Median Home Value | $232,253 |
| Average Home Value | $271,716 |
Housing Distribution
Address Breakdown
Residential
2,739
Single Family
2,739
Multi-Family
0
Businesses
158
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Nearby investment properties with comparable prices
Listed by: Sunday Grant • GreyBeard Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4224456
Disclaimer: Based on information submitted to the MLS GRID as of 2025-02-21 19:44:10 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)