1111 Cambridge Rd #308Kill 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 1111 Cambridge Rd #308, Kill Devil Hills, NC, 27948 earns $752/mo cash flow from $3,494/mo rent with a $2,202/mo payment. Total monthly income totals $3,494/mo, and annual cash flow totals $9,025/yr on $149,142 capital. ROI tracks 25.96% on current figures, and rental yield reads 9.32% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 135.19% and total cumulative return in cash sums $201,622. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,494/mo property income instead of your personal income.
Condo
Built in 2006
N/A 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: Missi Dermatas • Outer Banks Realty Group
Mls Name: OBAR
Mls ID: #130011