298 Green View RdMoyockNC27958
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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 Moyock at 298 Green View Rd, Moyock, NC, 27958 priced at $489,000 converts $3,829/mo rent into $849/mo cash flow after a $2,393/mo obligation. Total monthly income equals $3,829/mo, and annual cash flow totals $10,190/yr on $162,104 invested. Return on cash invested prints 26.2% in year one, and rental yield reads 9.4% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 136.45% and total cumulative return in cash sums $221,182. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,829/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27958, Moyock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,131 (100%) |
| Owner Occupied HU | 4,429 (86.3%) |
| Renter Occupied HU | 510 ( 9.9%) |
| Vacant Housing Units | 192 ( 3.7%) |
| Median Home Value | $393,432 |
| Average Home Value | $424,716 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,380
Multi-Family
0
Businesses
264
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Listed by: Cindy Mayberry • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10615984