306 N Cemetery RdOld FortNC28762
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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
Rental property for sale in Old Fort at 306 N Cemetery Rd, Old Fort, NC, 28762 priced at $550,000 converts $4,042/mo rent into $690/mo cash flow after a $2,692/mo obligation. Total monthly income equals $4,042/mo, and annual cash flow totals $8,280/yr on $180,950 invested. Return on cash invested prints 24.64% in year one, and rental yield reads 8.82% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 128.02% and total cumulative return in cash sums $231,646. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,042/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 2008
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28762, Old Fort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 2,320 (65.6%) |
| Renter Occupied HU | 625 (17.7%) |
| Vacant Housing Units | 590 (16.7%) |
| Median Home Value | $232,253 |
| Average Home Value | $271,716 |
Housing Distribution
Address Breakdown
Residential
2,739
Single Family
2,739
Multi-Family
0
Businesses
158
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Listed by: Steve Jones • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310293