110 Norine DriveHolly RidgeNC28445
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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 Holly Ridge at 110 Norine Drive, Holly Ridge, NC, 28445 priced at $364,000 pairs $1,947/mo rent with after a $1,782/mo payment. Total monthly income equals $1,947/mo. Return on cash invested is 17.21% in year one, and rental yield stands at 6.42% on a $364,000 basis. Equity gained on principal adds $2,349/yr, and 5% annual appreciation accumulates to $100,566 by year five. Five-year ROI measures 88.25% and total cumulative return in cash reaches $106,493. For financing, Ziffy Mortgage’s DSCR program evaluates $1,947/mo property income against a $1,782/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2010
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Streamline Realty Team • Coldwell Banker Sea Coast Advantage-Hampstead
Mls Name: Hive MLS
Mls ID: #100522243