892 New River Inlet Road #21Sneads 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
Investment property for sale in Sneads Ferry at 892 New River Inlet Road #21, Sneads Ferry, NC, 28460 offers a 7.32% rental yield on a $388,500 purchase with $2,369/mo rent. Total monthly income registers $2,369/mo, and a $1,902/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $10/yr on $128,788 to close, and return on cash invested stands at 19.92% in year one. Equity gained on principal adds $2,507/yr while 5% annual appreciation supports $107,335 over five years. Portfolio math shows five-year ROI at 102.76% and total cumulative return in cash at $132,341. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,369/mo property income against a $1,902/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1985
1,742 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: John Newton • CENTURY 21 Champion Real Estate
Mls Name: Hive MLS
Mls ID: #100530295