11 Red Cedar TrailSouthportNC28461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Southport at 11 Red Cedar Trail, Southport, NC, 28461 offers $3,631/mo rent that, after a $7,807/mo payment. Total monthly income is $3,631/mo. Return on cash invested measures 6.23% in year one, and rental yield stands at 2.73% at a $1,595,000 entry. Equity gained on principal adds $10,292/yr while 5% annual appreciation compounds into $440,669 by year five. Five-year ROI records 29.25% and total cumulative return in cash reaches $151,169. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,631/mo property income versus a $7,807/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Listed by: WWP John Munroe Team • Wendy Wilmot Properties
Mls Name: Hive MLS
Mls ID: #100545304