108 Magnolia Ct LOT 5Kitty HawkNC27949
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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 Kitty Hawk at 108 Magnolia Ct LOT 5, Kitty Hawk, NC, 27949 offers $3,720/mo rent that, after a $2,932/mo payment, leaves $69/mo cash flow. Total monthly income is $3,720/mo, and annual cash flow is $830/yr on $197,071 cash. Return on cash invested measures 20.48% in year one, and rental yield stands at 7.45% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 105.77% and total cumulative return in cash reaches $208,438. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,720/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
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Listed by: The Myatt Group Team • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #128894
Disclaimer: 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. Information is deemed reliable but not guaranteed.