82 Bay Ridge RdHarrellsNC28444
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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 Harrells at 82 Bay Ridge Rd, Harrells, NC, 28444 generates $2,672/mo in rent, after a $2,736/mo payment. Total monthly income is $2,672/mo. Return on cash invested sits at 14.87% in year one, and rental yield is 5.74% on a $559,000 entry. Equity gained on principal adds $3,607/yr, while 5% annual appreciation builds toward $154,441 over five years. Five-year ROI reaches 75.84% and total cumulative return in cash sums $139,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,672/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
N/A lot
$N/A/sqft
$180 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28444, Harrells, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,094 (100%) |
| Owner Occupied HU | 673 (61.5%) |
| Renter Occupied HU | 169 (15.4%) |
| Vacant Housing Units | 252 (23.0%) |
| Median Home Value | $186,250 |
| Average Home Value | $257,760 |
Housing Distribution
Address Breakdown
Residential
948
Single Family
948
Multi-Family
0
Businesses
64
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Listed by: JAN JOHANSEN • RE/MAX CHOICE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #733434
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.