103 Eagle Dr LOT 21Kill 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
Investment property for sale in Kill Devil Hills at 103 Eagle Dr LOT 21, Kill Devil Hills, NC, 27948 uses $122,655 cash to close to unlock $11,820/yr annual cash flow and $985/mo monthly cash flow. Total monthly income runs $3,240/mo, and a $1,811/mo payment keeps the spread at $985/mo. Purchase price stands at $370,000, and rental yield measures 10.51% with $3,240/mo rent. Return on cash invested shows 29.55% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 154.38% and total cumulative return in cash records $189,353. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,240/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1978
5,662 sqft 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: Kate Harrell • Harrell & Associates
Mls Name: OBAR
Mls ID: #130966