40246 Croaker Ct LOT EAvonNC27915
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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 Avon at 40246 Croaker Ct LOT E, Avon, NC, 27915 earns from $3,264/mo rent with a $3,372/mo payment. Total monthly income totals $3,264/mo. ROI tracks 15.11% on current figures, and rental yield reads 5.68% at a $689,000 purchase. Equity gained on principal adds $4,446/yr, and 5% annual appreciation supports $190,358 over five years. Five-year ROI reaches 76.97% and total cumulative return in cash sums $174,474. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,264/mo property income instead of your personal income.
Single Family
Built in 2023
7,840 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 M Midgett • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #125701
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.