8244 N State Highway 16Millers creekNC28651
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 Millers creek at 8244 N State Highway 16, Millers creek, NC, 28651 earns from $2,105/mo rent with a $1,919/mo payment. Total monthly income totals $2,105/mo. ROI tracks 17.28% on current figures, and rental yield reads 6.44% at a $392,000 purchase. Equity gained on principal adds $2,530/yr, and 5% annual appreciation supports $108,302 over five years. Five-year ROI reaches 88.65% and total cumulative return in cash sums $115,200. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,105/mo property income instead of your personal income.
Single Family
Built in 1983
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28651, Millers Creek, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,099 (100%) |
| Owner Occupied HU | 2,005 (64.7%) |
| Renter Occupied HU | 638 (20.6%) |
| Vacant Housing Units | 456 (14.7%) |
| Median Home Value | $227,251 |
| Average Home Value | $262,168 |
Housing Distribution
Address Breakdown
Residential
2,578
Single Family
2,578
Multi-Family
0
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kinsley Walker • Carolina Realty ERA Live Moore
Mls Name: Triad MLS
Mls ID: #1198951