994 E Laurel CircleDeep GapNC28618
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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
Rental property for sale in Deep Gap at 994 E Laurel Circle, Deep Gap, NC, 28618 generates $3,016/mo in rent, after a $2,496/mo payment. Total monthly income is $3,016/mo. Return on cash invested sits at 19.4% in year one, and rental yield is 7.1% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 99.96% and total cumulative return in cash sums $167,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,016/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28618, Deep Gap, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,327 (100%) |
| Owner Occupied HU | 771 (58.1%) |
| Renter Occupied HU | 174 (13.1%) |
| Vacant Housing Units | 382 (28.8%) |
| Median Home Value | $371,538 |
| Average Home Value | $497,999 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
91
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Listed by: Susan Chaney • EXP Realty LLC
Mls Name: High Country AOR
Mls ID: #256038