387 Sheeprock Cove RdWhittierNC28789
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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 Whittier at 387 Sheeprock Cove Rd, Whittier, NC, 28789 with 5% annual appreciation on a $250,000 basis while $1,682/mo rent supports operations. Total monthly income totals $1,682/mo and a $1,224/mo payment preserves $158/mo for cash returns. Annual cash flow comes to $1,896/yr on $82,875 deployed, and return on cash invested reaches 22.2% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 8.07%. Five-year ROI measures 114.98% and total cumulative return in cash totals $95,290.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,682/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28789, Whittier, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,973 (51.9%) |
| Renter Occupied HU | 663 (17.4%) |
| Vacant Housing Units | 1,165 (30.6%) |
| Median Home Value | $279,014 |
| Average Home Value | $359,721 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
133
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Nearby investment properties with comparable prices
Listed by: Melissa Stillwell • Keller Williams - Great Smokies - Bc
Mls Name: Carolina Smokies MLS
Mls ID: #26040711
Disclaimer: Copyright Carolina Smokies Association of Realtors & MLS. All rights reserved. Information is deemed reliable but not guaranteed.