91 Myers Norton DrOld FortNC28762
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 Old Fort at 91 Myers Norton Dr, Old Fort, NC, 28762 priced at $249,900 pairs $2,394/mo rent with $871/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,394/mo, and annual cash flow comes to $10,453/yr on $82,842 invested. Return on cash invested is 32.53% in year one, and rental yield stands at 11.5% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 170.44% and total cumulative return in cash reaches $141,194. For financing, Ziffy Mortgage’s DSCR program evaluates $2,394/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1981
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28762, Old Fort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 2,320 (65.6%) |
| Renter Occupied HU | 625 (17.7%) |
| Vacant Housing Units | 590 (16.7%) |
| Median Home Value | $232,253 |
| Average Home Value | $271,716 |
Housing Distribution
Address Breakdown
Residential
2,739
Single Family
2,739
Multi-Family
0
Businesses
158
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Listed by: Dennis Whitson • Whitson Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304396