5353 Nc 56 Highway ECastaliaNC27816
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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
Investment property for sale in Castalia at 5353 Nc 56 Highway E, Castalia, NC, 27816 earns $262/mo cash flow from $1,572/mo rent with a $1,052/mo payment. Total monthly income totals $1,572/mo, and annual cash flow totals $3,144/yr on $71,273 capital. ROI tracks 24.32% on current figures, and rental yield reads 8.77% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 126.36% and total cumulative return in cash sums $90,061. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,572/mo property income instead of your personal income.
Single Family
Built in 1979
1.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27816, Castalia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,273 (100%) |
| Owner Occupied HU | 821 (64.5%) |
| Renter Occupied HU | 297 (23.3%) |
| Vacant Housing Units | 155 (12.2%) |
| Median Home Value | $218,956 |
| Average Home Value | $587,616 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
43
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Listed by: Jamie Keith • Five County Specialists
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100460848
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS