39009 Snook Ct LOT 127AvonNC27915
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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
Investment property for sale in Avon at 39009 Snook Ct LOT 127, Avon, NC, 27915 uses $192,465 cash to close to unlock $17,316/yr annual cash flow and $1,443/mo monthly cash flow. Total monthly income runs $5,008/mo, and a $2,863/mo payment keeps the spread at $1,443/mo. Purchase price stands at $585,000, and rental yield measures 10.27% with $5,008/mo rent. Return on cash invested shows 29.06% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 151.73% and total cumulative return in cash records $292,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,008/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27915, Avon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 374 (21.7%) |
| Renter Occupied HU | 66 ( 3.8%) |
| Vacant Housing Units | 1,285 (74.5%) |
| Median Home Value | $425,532 |
| Average Home Value | $498,663 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
131
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Listed by: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls ID: #131049