109 Harbour View Dr LOT 48Kill Devil HillsNC27948
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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 Kill Devil Hills at 109 Harbour View Dr LOT 48, Kill Devil Hills, NC, 27948 uses $112,379 cash to close to unlock $8,918/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $2,809/mo, and a $1,659/mo payment keeps the spread at $743/mo. Purchase price stands at $339,000, and rental yield measures 9.94% with $2,809/mo rent. Return on cash invested shows 27.85% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 145.29% and total cumulative return in cash records $163,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,809/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Matthew V Melvin • Howard Hanna Outer Banks Realt
Mls Name: OBAR
Mls ID: #130411