108 Pelican Drive Unit BAtlantic BeachNC28512
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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 Atlantic Beach at 108 Pelican Drive Unit B, Atlantic Beach, NC, 28512 offers $2,425/mo rent that, after a $3,132/mo payment. Total monthly income is $2,425/mo. Return on cash invested measures 8.71% in year one, and rental yield stands at 4.55% at a $639,900 entry. Equity gained on principal adds $4,129/yr while 5% annual appreciation compounds into $176,793 by year five. Five-year ROI records 43.7% and total cumulative return in cash reaches $92,003. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,425/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$6,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
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Listed by: B & B Coastal Properties Team • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100489493
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 17:35:22 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 17:35:22 PST Hive MLS