40894 State Highway 12 UNIT 106-107AvonNC27915
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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 40894 State Highway 12 UNIT 106-107, Avon, NC, 27915 listed at $489,000 pairs $3,594/mo rent with a $2,393/mo payment to leave $614/mo cash flow. Total monthly income runs $3,594/mo, and annual cash flow reaches $7,370/yr on $162,104 cash to close. Return on cash invested measures 24.46% in year one, and rental yield registers 8.82% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 127.12% and total cumulative return in cash totals $206,062. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,594/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2000
N/A 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: #126823
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.