300 E 2nd StKenlyNC27542
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 Kenly at 300 E 2nd St, Kenly, NC, 27542 uses $79,560 cash to close to unlock $1,716/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $1,175/mo payment keeps the spread at $143/mo. Purchase price stands at $240,000, and rental yield measures 8.03% with $1,606/mo rent. Return on cash invested shows 22.07% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash records $90,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1905
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27542, Kenly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,411 (100%) |
| Owner Occupied HU | 2,955 (67.0%) |
| Renter Occupied HU | 1,039 (23.6%) |
| Vacant Housing Units | 417 ( 9.5%) |
| Median Home Value | $229,144 |
| Average Home Value | $271,400 |
Housing Distribution
Address Breakdown
Residential
3,844
Single Family
3,844
Multi-Family
0
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Powell • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10121099