102 Prince Charles Ct LOT 47Kill Devil HillsNC27948
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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 Kill Devil Hills at 102 Prince Charles Ct LOT 47, Kill Devil Hills, NC, 27948 generates $3,634/mo in rent and, after a $2,491/mo payment, leaves $532/mo in cash flow. Total monthly income is $3,634/mo, and annual cash flow is $6,386/yr on $167,461 invested. Return on cash invested sits at 23.87% in year one, and rental yield is 8.57% on a $509,000 entry. Equity gained on principal adds $3,285/yr, while 5% annual appreciation builds toward $140,627 over five years. Five-year ROI reaches 123.96% and total cumulative return in cash sums $207,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,634/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Jack Cook • ROG OBX, Inc
Mls Name: OBAR
Mls ID: #131385