302 NE Railroad StreetPikevilleNC27863
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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 Pikeville at 302 NE Railroad Street, Pikeville, NC, 27863 with 5% annual appreciation on a $132,500 basis while $1,509/mo rent supports operations. Total monthly income totals $1,509/mo and a $649/mo payment preserves $701/mo for cash returns. Annual cash flow comes to $8,412/yr on $43,924 deployed, and return on cash invested reaches 39.06% in year one. Equity gained on principal adds $855/yr, and five-year appreciation sums $36,607 alongside rental yield of 13.67%. Five-year ROI measures 205.41% and total cumulative return in cash totals $90,224.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,509/mo property income versus a $649/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27863, Pikeville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,537 (100%) |
| Owner Occupied HU | 3,944 (71.2%) |
| Renter Occupied HU | 1,100 (19.9%) |
| Vacant Housing Units | 493 ( 8.9%) |
| Median Home Value | $215,691 |
| Average Home Value | $220,096 |
Housing Distribution
Address Breakdown
Residential
5,248
Single Family
5,248
Multi-Family
0
Businesses
152
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Listed by: Tyler Worrell • EXP Realty LLC - C
Mls Name: Hive MLS
Mls ID: #100533226