3702 Water Oak LaneGreenvilleNC27858
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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 Greenville at 3702 Water Oak Lane, Greenville, NC, 27858 uses $116,025 cash to close to unlock $2,784/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $2,365/mo, and a $1,713/mo payment keeps the spread at $232/mo. Purchase price stands at $350,000, and rental yield measures 8.11% with $2,365/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 115.57% and total cumulative return in cash records $134,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,365/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27858, Greenville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,836 (100%) |
| Owner Occupied HU | 11,801 (40.9%) |
| Renter Occupied HU | 11,729 (40.7%) |
| Vacant Housing Units | 5,306 (18.4%) |
| Median Home Value | $302,085 |
| Average Home Value | $328,010 |
Housing Distribution
Address Breakdown
Residential
25,796
Single Family
21,115
Multi-Family
4,681
Businesses
1,678
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Listed by: Emily McAllister • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100540720