1006 S 5th StCarolina BeachNC28428
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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 Carolina Beach at 1006 S 5th St, Carolina Beach, NC, 28428 generates $2,653/mo in rent, after a $4,013/mo payment. Total monthly income is $2,653/mo. Return on cash invested sits at 9.63% in year one, and rental yield is 3.88% on a $820,000 entry. Equity gained on principal adds $5,291/yr, while 5% annual appreciation builds toward $226,551 over five years. Five-year ROI reaches 47.57% and total cumulative return in cash sums $128,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,653/mo property income rather than buyer’s personal income.
Multi Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
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