40088 Harbor DrAvonNC27915
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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
Rental property for sale in Avon at 40088 Harbor Dr, Avon, NC, 27915 generates $3,175/mo in rent and, after a $1,889/mo payment, leaves $823/mo in cash flow. Total monthly income is $3,175/mo, and annual cash flow is $9,875/yr on $127,926 invested. Return on cash invested sits at 27.63% in year one, and rental yield is 9.87% on a $385,900 entry. Equity gained on principal adds $2,490/yr, while 5% annual appreciation builds toward $106,617 over five years. Five-year ROI reaches 144.1% and total cumulative return in cash sums $184,337. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,175/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.41 Acres 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: Daniel C Couch • NC 12 Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #127699
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.