424 Turkey Creek RoadRocky PointNC28457
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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 Rocky Point at 424 Turkey Creek Road, Rocky Point, NC, 28457 generates $1,746/mo in rent, after a $1,659/mo payment. Total monthly income is $1,746/mo. Return on cash invested sits at 16.49% in year one, and rental yield is 6.18% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 84.44% and total cumulative return in cash sums $94,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,746/mo property income rather than buyer’s personal income.
Manufactured
Built in 2019
3.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28457, Rocky Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,436 (100%) |
| Owner Occupied HU | 4,009 (73.7%) |
| Renter Occupied HU | 910 (16.7%) |
| Vacant Housing Units | 517 ( 9.5%) |
| Median Home Value | $292,108 |
| Average Home Value | $319,749 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,804
Multi-Family
0
Businesses
194
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Listed by: Jeannie Keim • Eastern Shore Real Estate LLC
Mls Name: Hive MLS
Mls ID: #100540708