46147 Flowers Ridge RdBuxtonNC27920
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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
Total monthly income runs $2,585/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 5.18% with $2,585/mo rent. Return on cash invested shows 13.57% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 68.7% and total cumulative return in cash records $135,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,585/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.27 Acres 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: Dan Johnson • Midgett Realty - Hatteras
Mls Name: OBAR
Mls ID: #131590