1010 Salter Path Road UNIT 48Salter PathNC28512
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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
Total monthly income runs $2,068/mo, and a $2,589/mo payment. Purchase price stands at $529,000, and rental yield measures 4.69% with $2,068/mo rent. Return on cash invested shows 8.97% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 45.12% and total cumulative return in cash records $78,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,068/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$5,439 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
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Listed by: Team Judy K. • HTR Coastal Properties
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100487964
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-22 18:05:30 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-22 18:05:30 PST Hive MLS