302 Thankful RoadRocky PointNC28457
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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 Rocky Point at 302 Thankful Road, Rocky Point, NC, 28457 at $340,000 posts ROI 20.09% with $17/mo cash flow from $2,089/mo rent. Total monthly income equals $2,089/mo, and annual cash flow records $204/yr on $112,710 to close. Return on cash invested measures 20.09% and rental yield reads 7.37% at the current $340,000. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 by year five. Five-year ROI prints 103.67% and total cumulative return in cash totals $116,850.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,089/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28457, Rocky Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,436 (100%) |
| Owner Occupied HU | 4,009 (73.7%) |
| Renter Occupied HU | 910 (16.7%) |
| Vacant Housing Units | 517 ( 9.5%) |
| Median Home Value | $292,108 |
| Average Home Value | $319,749 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,804
Multi-Family
0
Businesses
194
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Listed by: Stephen L Skakandy • LPT Realty
Mls Name: Hive MLS
Mls ID: #100543210