834 Schoolfield DriveSneads FerryNC28460
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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 Sneads Ferry at 834 Schoolfield Drive, Sneads Ferry, NC, 28460 priced at $387,256 converts $3,166/mo rent into $806/mo cash flow after a $1,895/mo obligation. Total monthly income equals $3,166/mo, and annual cash flow totals $9,675/yr on $128,375 invested. Return on cash invested prints 27.45% in year one, and rental yield reads 9.81% against a $387,256 entry. Equity gained on principal adds $2,499/yr, while 5% annual appreciation compiles into $106,992 by year five. Five-year ROI reaches 143.15% and total cumulative return in cash sums $183,767. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,166/mo property income covering a $1,895/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28460, Sneads Ferry, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,167 (100%) |
| Owner Occupied HU | 4,456 (43.8%) |
| Renter Occupied HU | 1,736 (17.1%) |
| Vacant Housing Units | 3,975 (39.1%) |
| Median Home Value | $345,363 |
| Average Home Value | $372,482 |
Housing Distribution
Address Breakdown
Residential
7,684
Single Family
6,998
Multi-Family
686
Businesses
379
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Listed by: Jessica D Overby • Mungo Homes
Mls Name: Hive MLS
Mls ID: #100547439