1019 Course LaneSurf CityNC28445
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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 Surf City at 1019 Course Lane, Surf City, NC, 28445 earns $50/mo cash flow from $2,743/mo rent with a $2,163/mo payment. Total monthly income totals $2,743/mo, and annual cash flow totals $597/yr on $146,490 capital. ROI tracks 20.32% on current figures, and rental yield reads 7.45% at a $441,900 purchase. Equity gained on principal adds $2,852/yr, and 5% annual appreciation supports $122,089 over five years. Five-year ROI reaches 104.9% and total cumulative return in cash sums $153,667. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,743/mo property income instead of your personal income.
Single Family
Built in 2023
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Denise Thomas • Lucas and Associates REALTORS Inc.
Mls Name: Hive MLS
Mls ID: #100551064