393 Evans DrCameronNC28326
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 Cameron at 393 Evans Dr, Cameron, NC, 28326 priced at $118,500 converts $1,532/mo rent into $797/mo cash flow after a $580/mo obligation. Total monthly income equals $1,532/mo, and annual cash flow totals $9,568/yr on $39,283 invested. Return on cash invested prints 44.26% in year one, and rental yield reads 15.51% against a $118,500 entry. Equity gained on principal adds $765/yr, while 5% annual appreciation compiles into $32,739 by year five. Five-year ROI reaches 233.58% and total cumulative return in cash sums $91,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,532/mo property income covering a $580/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
0.75 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28326, Cameron, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,680 (100%) |
| Owner Occupied HU | 5,518 (57.0%) |
| Renter Occupied HU | 3,339 (34.5%) |
| Vacant Housing Units | 823 ( 8.5%) |
| Median Home Value | $299,340 |
| Average Home Value | $324,720 |
Housing Distribution
Address Breakdown
Residential
9,269
Single Family
9,041
Multi-Family
228
Businesses
212
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MAGALIE ORMOND • ONNIT REALTY GROUP
Mls Name: LPRMLS
Mls Provider:
Mls ID: #742187
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.