29 E Mitchell StOld FortNC28762
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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 Old Fort at 29 E Mitchell St, Old Fort, NC, 28762 earns $259/mo cash flow from $1,289/mo rent with a $827/mo payment. Total monthly income totals $1,289/mo, and annual cash flow totals $3,110/yr on $56,024 capital. ROI tracks 25.46% on current figures, and rental yield reads 9.15% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 132.56% and total cumulative return in cash sums $74,263. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,289/mo property income instead of your personal income.
Manufactured
Built in 1980
0.20 Acres lot
$N/A/sqft
No 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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Listed by: Brandon Braswell • Realty Group 1 LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4309521