505 Cherry StScotland NeckNC27874
Nearby investment properties with comparable rents
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 Scotland Neck at 505 Cherry St, Scotland Neck, NC, 27874 priced at $104,500 pairs $812/mo rent with $158/mo cash flow after a $511/mo payment. Total monthly income equals $812/mo, and annual cash flow comes to $1,900/yr on $34,642 invested. Return on cash invested is 25.39% in year one, and rental yield stands at 9.32% on a $104,500 basis. Equity gained on principal adds $674/yr, and 5% annual appreciation accumulates to $28,871 by year five. Five-year ROI measures 132.43% and total cumulative return in cash reaches $45,877. For financing, Ziffy Mortgage’s DSCR program evaluates $812/mo property income against a $511/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27874, Scotland Neck, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,157 (100%) |
| Owner Occupied HU | 1,109 (51.4%) |
| Renter Occupied HU | 666 (30.9%) |
| Vacant Housing Units | 382 (17.7%) |
| Median Home Value | $88,218 |
| Average Home Value | $133,528 |
Housing Distribution
Address Breakdown
Residential
1,764
Single Family
1,757
Multi-Family
7
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A