627 Cornwallis RdTeacheyNC28464
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 Teachey at 627 Cornwallis Rd, Teachey, NC, 28464 offers a 9.19% rental yield on a $189,900 purchase with $1,454/mo rent. Total monthly income registers $1,454/mo, and a $929/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,565/yr on $62,952 to close, and return on cash invested stands at 25.57% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 133.16% and total cumulative return in cash at $83,825. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,454/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28464, Teachey, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,043 (100%) |
| Owner Occupied HU | 613 (58.8%) |
| Renter Occupied HU | 260 (24.9%) |
| Vacant Housing Units | 170 (16.3%) |
| Median Home Value | $252,841 |
| Average Home Value | $295,975 |
Housing Distribution
Address Breakdown
Residential
954
Single Family
954
Multi-Family
0
Businesses
38
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Listed by: Claudio Acevedo • Logos Family Realty LLC
Mls Name: Doorify MLS
Mls ID: #10130569