986 N Chavis RdKittrellNC27544
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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 Kittrell at 986 N Chavis Rd, Kittrell, NC, 27544 offers a 7.87% rental yield on a $335,000 purchase with $2,197/mo rent. Total monthly income registers $2,197/mo, and a $1,640/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,860/yr on $111,053 to close, and return on cash invested stands at 21.58% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 111.68% and total cumulative return in cash at $124,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,197/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27544, Kittrell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,666 (100%) |
| Owner Occupied HU | 1,125 (67.5%) |
| Renter Occupied HU | 437 (26.2%) |
| Vacant Housing Units | 104 ( 6.2%) |
| Median Home Value | $210,197 |
| Average Home Value | $269,071 |
Housing Distribution
Address Breakdown
Residential
1,691
Single Family
1,691
Multi-Family
0
Businesses
47
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Listed by: Carol Small • Brokers United Realty
Mls Name: Doorify MLS
Mls ID: #10126275