9358 Main StCastaliaNC27816
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 Castalia at 9358 Main St, Castalia, NC, 27816 generates $1,464/mo in rent and, after a $1,052/mo payment, leaves $154/mo in cash flow. Total monthly income is $1,464/mo, and annual cash flow is $1,848/yr on $71,273 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.17% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 116.6% and total cumulative return in cash sums $83,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,464/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27816, Castalia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,273 (100%) |
| Owner Occupied HU | 821 (64.5%) |
| Renter Occupied HU | 297 (23.3%) |
| Vacant Housing Units | 155 (12.2%) |
| Median Home Value | $218,956 |
| Average Home Value | $587,616 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
43
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dave Harney • Coldwell Banker Advantage
Mls Name: Doorify MLS
Mls ID: #10133103