33 Meade DrFour OaksNC27524
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 Four Oaks at 33 Meade Dr, Four Oaks, NC, 27524 priced at $299,999 converts $2,042/mo rent into $214/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,042/mo, and annual cash flow totals $2,568/yr on $99,450 invested. Return on cash invested prints 22.49% in year one, and rental yield reads 8.17% against a $299,999 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 116.54% and total cumulative return in cash sums $115,896. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,042/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27524, Four Oaks, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,015 (100%) |
| Owner Occupied HU | 3,975 (66.1%) |
| Renter Occupied HU | 1,532 (25.5%) |
| Vacant Housing Units | 508 ( 8.4%) |
| Median Home Value | $297,490 |
| Average Home Value | $317,375 |
Housing Distribution
Address Breakdown
Residential
5,504
Single Family
5,470
Multi-Family
34
Businesses
220
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BOLI HERNANDEZ • Real Broker, LLC
Mls Name: Doorify MLS
Mls ID: #10134679