6832 Rains Crossroads RdPikevilleNC27863
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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 Pikeville at 6832 Rains Crossroads Rd, Pikeville, NC, 27863 listed at $289,900 pairs $2,132/mo rent with a $1,419/mo payment to leave $365/mo cash flow. Total monthly income runs $2,132/mo, and annual cash flow reaches $4,381/yr on $96,102 cash to close. Return on cash invested measures 24.47% in year one, and rental yield registers 8.83% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 127.22% and total cumulative return in cash totals $122,265. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,132/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27863, Pikeville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,537 (100%) |
| Owner Occupied HU | 3,944 (71.2%) |
| Renter Occupied HU | 1,100 (19.9%) |
| Vacant Housing Units | 493 ( 8.9%) |
| Median Home Value | $215,691 |
| Average Home Value | $220,096 |
Housing Distribution
Address Breakdown
Residential
5,248
Single Family
5,248
Multi-Family
0
Businesses
152
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Listed by: Jennifer Papenfuhs • Keller Williams Realty Cary
Mls Name: Doorify MLS
Mls ID: #10115418