412 E 18th StreetScotland NeckNC27874
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
Investment property for sale in Scotland Neck at 412 E 18th Street, Scotland Neck, NC, 27874 uses $56,355 cash to close to unlock $3,936/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $1,364/mo, and a $832/mo payment keeps the spread at $328/mo. Purchase price stands at $170,000, and rental yield measures 9.63% with $1,364/mo rent. Return on cash invested shows 26.89% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 140.15% and total cumulative return in cash records $78,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,364/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27874, Scotland Neck, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,109 (51.4%) |
| Renter Occupied HU | 666 (30.9%) |
| Vacant Housing Units | 382 (17.7%) |
| Median Home Value | $88,218 |
| Average Home Value | $133,528 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,757
Multi-Family
7
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LaToya Silver • Costello Real Estate & Investments
Mls Name: Hive MLS
Mls ID: #100515327