619 Cotton Patch RoadChocowinityNC27817
Nearby investment properties with comparable rents
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
Investment property for sale in Chocowinity at 619 Cotton Patch Road, Chocowinity, NC, 27817 offers a 8.28% rental yield on a $320,000 purchase with $2,209/mo rent. Total monthly income registers $2,209/mo, and a $1,566/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,108/yr on $106,080 to close, and return on cash invested stands at 22.84% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 118.41% and total cumulative return in cash at $125,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,209/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
2.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27817, Chocowinity, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,909 (100%) |
| Owner Occupied HU | 2,464 (63.0%) |
| Renter Occupied HU | 719 (18.4%) |
| Vacant Housing Units | 726 (18.6%) |
| Median Home Value | $283,099 |
| Average Home Value | $321,310 |
Housing Distribution
Address Breakdown
Residential
3,457
Single Family
3,457
Multi-Family
0
Businesses
130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The DONNA AND TEAM NEW BERN • Keller Williams Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100446537
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