1023 Chadsey Lake DriveCarolina ShorNC28467
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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 Shor at 1023 Chadsey Lake Drive, Carolina Shor, NC, 28467 generates $1,803/mo in rent and, after a $1,363/mo payment, leaves $106/mo in cash flow. Total monthly income is $1,803/mo, and annual cash flow is $1,270/yr on $92,323 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 7.77% on a $278,500 entry. Equity gained on principal adds $1,797/yr, while 5% annual appreciation builds toward $76,944 over five years. Five-year ROI reaches 110.09% and total cumulative return in cash sums $101,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,803/mo property income rather than buyer’s personal income.
Townhouse
Built in 2007
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28467, Calabash, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,592 (70.9%) |
| Renter Occupied HU | 687 ( 7.4%) |
| Vacant Housing Units | 2,013 (21.7%) |
| Median Home Value | $327,364 |
| Average Home Value | $376,740 |
Housing Distribution
Address Breakdown
Residential
8,714
Single Family
8,225
Multi-Family
489
Businesses
254
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Listed by: Bryant D Evans • RE/MAX Southern Shores
Mls Name: Hive MLS
Mls ID: #100545538