46036 Cottage Ave LOT 8BuxtonNC27920
Nearby investment properties with comparable rents
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 46036 Cottage Ave LOT 8, Buxton, NC, 27920 offers a 11.46% rental yield on a $195,000 purchase with $1,862/mo rent. Total monthly income registers $1,862/mo, and a $954/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,088/yr on $64,643 to close, and return on cash invested stands at 32.42% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 169.8% and total cumulative return in cash at $109,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,862/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
7,405 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
Nearby investment properties with comparable rents
Listed by: Sylvia A Mattingly • Colony Realty Corp - Frisco
Mls Name: OBAR
Mls Provider:
Mls ID: #127218
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.