1035 High Point Avenue SWCalabashNC28467
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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 Calabash at 1035 High Point Avenue SW, Calabash, NC, 28467 uses $107,738 cash to close to unlock $2,652/yr annual cash flow and $221/mo monthly cash flow. Total monthly income runs $2,202/mo, and a $1,591/mo payment keeps the spread at $221/mo. Purchase price stands at $325,000, and rental yield measures 8.13% with $2,202/mo rent. Return on cash invested shows 22.37% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 115.9% and total cumulative return in cash records $124,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,202/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1985
9,583 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: Kristin O Boullion • RE/MAX Southern Shores
Mls Name: Hive MLS
Mls ID: #100548359