6120 River RoadVanceboroNC28586
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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 Vanceboro at 6120 River Road, Vanceboro, NC, 28586 generates $1,063/mo in rent and, after a $612/mo payment, leaves $301/mo in cash flow. Total monthly income is $1,063/mo, and annual cash flow is $3,612/yr on $41,438 invested. Return on cash invested sits at 28.63% in year one, and rental yield is 10.2% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 149.47% and total cumulative return in cash sums $61,937. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,063/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28586, Vanceboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,283 (100%) |
| Owner Occupied HU | 2,113 (64.4%) |
| Renter Occupied HU | 700 (21.3%) |
| Vacant Housing Units | 470 (14.3%) |
| Median Home Value | $204,813 |
| Average Home Value | $301,394 |
Housing Distribution
Address Breakdown
Residential
3,222
Single Family
3,198
Multi-Family
24
Businesses
191
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Listed by: Curtis Gatlin • CCA Real Estate
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100470745
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