103 Herring DriveSouthportNC28461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Southport at 103 Herring Drive, Southport, NC, 28461 generates $2,456/mo in rent, after a $2,932/mo payment. Total monthly income is $2,456/mo. Return on cash invested sits at 12.78% in year one, and rental yield is 4.92% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 64.5% and total cumulative return in cash sums $127,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,456/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Listed by: Caitlin Richardson Group • Intracoastal Realty Corporation
Mls Name: Hive MLS
Mls ID: #100533138