516 Knotts Island RdKnotts IslandNC27950
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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 Knotts Island at 516 Knotts Island Rd, Knotts Island, NC, 27950 generates $2,839/mo in rent and, after a $1,968/mo payment, leaves $389/mo in cash flow. Total monthly income is $2,839/mo, and annual cash flow is $4,663/yr on $133,263 invested. Return on cash invested sits at 23.41% in year one, and rental yield is 8.47% on a $402,000 entry. Equity gained on principal adds $2,594/yr, while 5% annual appreciation builds toward $111,065 over five years. Five-year ROI reaches 121.49% and total cumulative return in cash sums $161,900. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,839/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27950, Knotts Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 998 (100%) |
| Owner Occupied HU | 745 (74.6%) |
| Renter Occupied HU | 113 (11.3%) |
| Vacant Housing Units | 140 (14.0%) |
| Median Home Value | $262,059 |
| Average Home Value | $282,020 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
842
Multi-Family
0
Businesses
21
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Listed by: Lynette Lewis • Shaffer Real Estate Inc.
Mls Name: REIN Inc.
Mls ID: #10604276