1056 Northbridge Court NWOcean Isle BeachNC28469
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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 Ocean Isle Beach at 1056 Northbridge Court NW, Ocean Isle Beach, NC, 28469 offers $3,002/mo rent that, after a $2,368/mo payment. Total monthly income is $3,002/mo. Return on cash invested measures 18.59% in year one, and rental yield stands at 7.44% at a $483,900 entry. Equity gained on principal adds $3,123/yr while 5% annual appreciation compounds into $133,693 by year five. Five-year ROI records 96.26% and total cumulative return in cash reaches $154,421. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,002/mo property income versus a $2,368/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
$2,760 annually HOA
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Listed by: Ryan T Plowman • Plowman Properties LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100487215
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-22 14:04:05 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-22 14:04:05 PST Hive MLS