87 Village CircleRocky PointNC28457
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
Rental property for sale in Rocky Point at 87 Village Circle, Rocky Point, NC, 28457 offers $2,178/mo rent that, after a $612/mo payment, leaves $1,416/mo cash flow. Total monthly income is $2,178/mo, and annual cash flow is $16,992/yr on $41,438 cash. Return on cash invested measures 60.92% in year one, and rental yield stands at 20.91% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 322.59% and total cumulative return in cash reaches $133,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,178/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28457, Rocky Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,436 (100%) |
| Owner Occupied HU | 4,009 (73.7%) |
| Renter Occupied HU | 910 (16.7%) |
| Vacant Housing Units | 517 ( 9.5%) |
| Median Home Value | $292,108 |
| Average Home Value | $319,749 |
Housing Distribution
Address Breakdown
Residential
4,804
Single Family
4,804
Multi-Family
0
Businesses
194
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Nearby investment properties with comparable prices
Listed by: Connie S Cox • Coldwell Banker Sea Coast Advantage-Midtown
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100475404
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. 2024-10-17 08:18:46 PDT Hive MLS