1107 Cambridge Rd #305-AKill 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 1107 Cambridge Rd #305-A, Kill Devil Hills, NC, 27948 offers a 8.31% rental yield on a $433,400 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $2,121/mo payment leaves $359/mo available for distribution. Annual cash flow reaches $4,307/yr on $143,672 to close, and return on cash invested stands at 22.91% in year one. Equity gained on principal adds $2,797/yr while 5% annual appreciation supports $119,740 over five years. Portfolio math shows five-year ROI at 118.79% and total cumulative return in cash at $170,666. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $2,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
1,742 sqft 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: Michele E Defazio-Bouchard • Coastal Outer Banks Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #128325
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