456 Lanier AvenueRocky PointNC28457
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 Rocky Point at 456 Lanier Avenue, Rocky Point, NC, 28457 with 5% annual appreciation on a $240,000 basis while $2,299/mo rent supports operations. Total monthly income totals $2,299/mo and a $1,175/mo payment preserves $836/mo for cash returns. Annual cash flow comes to $10,032/yr on $79,560 deployed, and return on cash invested reaches 32.52% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 11.49%. Five-year ROI measures 170.32% and total cumulative return in cash totals $135,506.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,299/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2006
0.51 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Oscar E Garcia • Berkshire Hathaway HomeServices Carolina Premier Properties
Mls Name: Hive MLS
Mls ID: #100551858