50 N Ida StCoatsNC27521
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Nearby investment properties with comparable prices
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 Coats at 50 N Ida St, Coats, NC, 27521 priced at $220,000 pairs $1,733/mo rent with $392/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,733/mo, and annual cash flow comes to $4,704/yr on $72,930 invested. Return on cash invested is 26.36% in year one, and rental yield stands at 9.45% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 137.29% and total cumulative return in cash reaches $100,127. For financing, Ziffy Mortgage’s DSCR program evaluates $1,733/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27521, Coats, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,885 (100%) |
| Owner Occupied HU | 1,807 (62.6%) |
| Renter Occupied HU | 838 (29.0%) |
| Vacant Housing Units | 240 ( 8.3%) |
| Median Home Value | $313,495 |
| Average Home Value | $342,104 |
Housing Distribution
Address Breakdown
Residential
2,543
Single Family
2,496
Multi-Family
47
Businesses
123
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Listed by: Allen Faircloth • ANTHEM PROPERTIES GROUP LLC
Mls Name: Doorify MLS
Mls ID: #10140316