48637 State Highway 12BuxtonNC27920
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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
Rental property for sale in Buxton at 48637 State Highway 12, Buxton, NC, 27920 generates $3,031/mo in rent, after a $3,181/mo payment. Total monthly income is $3,031/mo. Return on cash invested sits at 14.84% in year one, and rental yield is 5.6% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 75.5% and total cumulative return in cash sums $161,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,031/mo property income rather than buyer’s personal income.
Manufactured
Built in 1977
8.60 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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Nearby investment properties with comparable prices
Listed by: Carla S Reynolds • NC 12 Realty
Mls Name: OBAR
Mls ID: #130872