101 Islander Dr #147Emerald IsleNC28594
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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 Emerald Isle at 101 Islander Dr #147, Emerald Isle, NC, 28594 uses $48,034 cash to close to unlock $3,205/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $1,150/mo, and a $709/mo payment keeps the spread at $267/mo. Purchase price stands at $144,900, and rental yield measures 9.52% with $1,150/mo rent. Return on cash invested shows 26.58% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 138.6% and total cumulative return in cash records $66,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,150/mo property income covering a $709/mo payment rather than investor’s personal income.
Manufactured
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28594, Emerald Isle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,083 (100%) |
| Owner Occupied HU | 1,611 (22.7%) |
| Renter Occupied HU | 300 ( 4.2%) |
| Vacant Housing Units | 5,172 (73.0%) |
| Median Home Value | $654,716 |
| Average Home Value | $686,816 |
Housing Distribution
Address Breakdown
Residential
2,858
Single Family
2,858
Multi-Family
0
Businesses
282
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Listed by: N/A • N/A
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