46007 Cottage Ave LOT 23BuxtonNC27920
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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 Buxton at 46007 Cottage Ave LOT 23, Buxton, NC, 27920 offers a 5.04% rental yield on a $570,000 purchase with $2,396/mo rent. 16% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 66.49% and total cumulative return in cash at $124,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,396/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27920, Buxton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,054 (100%) |
| Owner Occupied HU | 871 (42.4%) |
| Renter Occupied HU | 202 ( 9.8%) |
| Vacant Housing Units | 981 (47.8%) |
| Median Home Value | $427,033 |
| Average Home Value | $468,660 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
103
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Listed by: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #129213
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.