683 Cedar PointVassNC28394
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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
Total monthly income runs $2,543/mo, and a $2,393/mo payment. Purchase price stands at $489,000, and rental yield measures 6.24% with $2,543/mo rent. Return on cash invested shows 15.99% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 81.95% and total cumulative return in cash records $132,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,543/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Single Family
Built in 1987
6,969 sqft lot
$N/A/sqft
$1,111 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28394, Vass, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,826 (100%) |
| Owner Occupied HU | 1,900 (67.2%) |
| Renter Occupied HU | 616 (21.8%) |
| Vacant Housing Units | 310 (11.0%) |
| Median Home Value | $346,532 |
| Average Home Value | $432,871 |
Housing Distribution
Address Breakdown
Residential
2,565
Single Family
2,565
Multi-Family
0
Businesses
155
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Listed by: LEE HANDSEL • THE HANDSEL GROUP INC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #737251
Disclaimer: 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. Information is deemed reliable but not guaranteed.