33 Inkberry DriveFergusonNC28624
Nearby investment properties with comparable rents
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
Rental property for sale in Ferguson at 33 Inkberry Drive, Ferguson, NC, 28624 priced at $200,000 converts $1,675/mo rent into $23/mo cash flow after a $979/mo obligation. Total monthly income equals $1,675/mo, and annual cash flow totals $280/yr on $66,300 invested. Return on cash invested prints 20.33% in year one, and rental yield reads 10.05% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 107.87% and total cumulative return in cash sums $71,516. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,675/mo property income covering a $979/mo payment, not borrower’s personal income.
Lot
Built in N/A
1.26 Acres lot
$N/A/sqft
$1,298 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28624, Ferguson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 918 (100%) |
| Owner Occupied HU | 601 (65.5%) |
| Renter Occupied HU | 123 (13.4%) |
| Vacant Housing Units | 194 (21.1%) |
| Median Home Value | $179,167 |
| Average Home Value | $238,864 |
Housing Distribution
Address Breakdown
Residential
754
Single Family
754
Multi-Family
0
Businesses
23
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Nearby investment properties with comparable prices
Listed by: Nick Presnell • Storied Real Estate
Mls Name: High Country AOR
Mls Provider:
Mls ID: #252030
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.