608 Apache TrailEdentonNC27932
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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 Edenton at 608 Apache Trail, Edenton, NC, 27932 uses $62,654 cash to close to unlock $7,185/yr annual cash flow and $599/mo monthly cash flow. Total monthly income runs $1,756/mo, and a $925/mo payment keeps the spread at $599/mo. Purchase price stands at $189,000, and rental yield measures 11.15% with $1,756/mo rent. Return on cash invested shows 31.38% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 164.25% and total cumulative return in cash records $102,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,756/mo property income covering a $925/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
0.46 Acres lot
$N/A/sqft
$65 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27932, Edenton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,352 (100%) |
| Owner Occupied HU | 3,602 (56.7%) |
| Renter Occupied HU | 1,643 (25.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $242,050 |
| Average Home Value | $335,888 |
Housing Distribution
Address Breakdown
Residential
5,795
Single Family
5,676
Multi-Family
119
Businesses
619
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Listed by: Jake Forbes • United Country Forbes Realty & Auctions LLC
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100462902
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. 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 North Carolina Regional MLS LLC