302 Mill AvenueVanceboroNC28586
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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 Vanceboro at 302 Mill Avenue, Vanceboro, NC, 28586 at $147,500 posts ROI 26.78% with $280/mo cash flow from $1,179/mo rent. Total monthly income equals $1,179/mo, and annual cash flow records $3,360/yr on $48,896 to close. Return on cash invested measures 26.78% and rental yield reads 9.59% at the current $147,500. Equity gained on principal adds $952/yr, and 5% annual appreciation supports $40,752 by year five. Five-year ROI prints 139.55% and total cumulative return in cash totals $68,233.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,179/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28586, Vanceboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,113 (64.4%) |
| Renter Occupied HU | 700 (21.3%) |
| Vacant Housing Units | 470 (14.3%) |
| Median Home Value | $204,813 |
| Average Home Value | $301,394 |
Housing Distribution
Address Breakdown
Residential
3,222
Single Family
3,198
Multi-Family
24
Businesses
191
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Listed by: BECKY BENGEL • CENTURY 21 ZAYTOUN RAINES
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100479193
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-20 17:56:36 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-20 17:56:36 PST Hive MLS