46017 Tower Circle Rd LOT 7BuxtonNC27920
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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 46017 Tower Circle Rd LOT 7, Buxton, NC, 27920 uses $165,419 cash to close to unlock $11,126/yr annual cash flow and $927/mo monthly cash flow. Total monthly income runs $3,968/mo, and a $2,442/mo payment keeps the spread at $927/mo. Purchase price stands at $499,000, and rental yield measures 9.54% with $3,968/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 138.8% and total cumulative return in cash records $229,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,968/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1975
6,969 sqft 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: Ellen S Heatwole • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #130009
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