578 Transom WaySneads FerryNC28460
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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 Sneads Ferry at 578 Transom Way, Sneads Ferry, NC, 28460 priced at $432,500 converts $2,904/mo rent into $268/mo cash flow after a $2,117/mo obligation. Total monthly income equals $2,904/mo, and annual cash flow totals $3,216/yr on $143,374 invested. Return on cash invested prints 22.15% in year one, and rental yield reads 8.06% against a $432,500 entry. Equity gained on principal adds $2,791/yr, while 5% annual appreciation compiles into $119,492 by year five. Five-year ROI reaches 114.74% and total cumulative return in cash sums $164,503. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,904/mo property income covering a $2,117/mo payment, not borrower’s personal income.
Single Family
Built in 2023
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28460, Sneads Ferry, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,167 (100%) |
| Owner Occupied HU | 4,456 (43.8%) |
| Renter Occupied HU | 1,736 (17.1%) |
| Vacant Housing Units | 3,975 (39.1%) |
| Median Home Value | $345,363 |
| Average Home Value | $372,482 |
Housing Distribution
Address Breakdown
Residential
7,684
Single Family
6,998
Multi-Family
686
Businesses
379
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Listed by: Kevin T Dovel • eXp Realty
Mls Name: Hive MLS
Mls ID: #100542865