1106 Morris Dr #706CorollaNC27927
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
Investment property for sale in Corolla at 1106 Morris Dr #706, Corolla, NC, 27927 earns from $3,606/mo rent with a $7,831/mo payment. Total monthly income totals $3,606/mo. ROI tracks 6.15% on current figures, and rental yield reads 2.7% at a $1,600,000 purchase. Equity gained on principal adds $10,325/yr, and 5% annual appreciation supports $442,051 over five years. Five-year ROI reaches 28.8% and total cumulative return in cash sums $149,319. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,606/mo property income instead of your personal income.
Single Family
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27927, Corolla, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,285 (100%) |
| Owner Occupied HU | 683 (12.9%) |
| Renter Occupied HU | 91 ( 1.7%) |
| Vacant Housing Units | 4,511 (85.4%) |
| Median Home Value | $612,374 |
| Average Home Value | $647,445 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
799
Multi-Family
1
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daphne E DeGabrielle • Outer Banks Realty Group
Mls Name: OBAR
Mls Provider:
Mls ID: #126028
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.