930 Old Highway 70 WOld FortNC28762
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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 Old Fort at 930 Old Highway 70 W, Old Fort, NC, 28762 uses $92,489 cash to close to unlock $4,874/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $2,107/mo, and a $1,366/mo payment keeps the spread at $406/mo. Purchase price stands at $279,000, and rental yield measures 9.06% with $2,107/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 131.02% and total cumulative return in cash records $121,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,107/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.73 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: Greg Shuffler • Fonta Flora Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326688