302 High Way #343CamdenNC27921
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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 Camden at 302 High Way #343, Camden, NC, 27921 offers a 11.53% rental yield on a $185,000 purchase with $1,777/mo rent. Total monthly income registers $1,777/mo, and a $905/mo payment leaves $650/mo available for distribution. Annual cash flow reaches $7,800/yr on $61,328 to close, and return on cash invested stands at 32.63% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 170.9% and total cumulative return in cash at $104,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,777/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27921, Camden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,820 (100%) |
| Owner Occupied HU | 1,414 (77.7%) |
| Renter Occupied HU | 282 (15.5%) |
| Vacant Housing Units | 124 ( 6.8%) |
| Median Home Value | $314,149 |
| Average Home Value | $341,273 |
Housing Distribution
Address Breakdown
Residential
2,028
Single Family
1,945
Multi-Family
83
Businesses
118
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Listed by: Erin Nixon & Phyllis Bosomworth Team • Hall & Nixon Real Estate Inc
Mls Name: OBAR
Mls ID: #131276