111 Norbanks Dr #6Kitty HawkNC27949
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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 Kitty Hawk at 111 Norbanks Dr #6, Kitty Hawk, NC, 27949 generates $6,512/mo in rent, after a $7,586/mo payment. Total monthly income is $6,512/mo. Return on cash invested sits at 13.36% in year one, and rental yield is 5.04% on a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation builds toward $428,236 over five years. Five-year ROI reaches 67.49% and total cumulative return in cash sums $338,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,512/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
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Listed by: Emily Bray • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls ID: #131114