1115 Ocean Trl UNIT 1BCorollaNC27927
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 1115 Ocean Trl UNIT 1B, Corolla, NC, 27927 earns from $3,575/mo rent with a $4,160/mo payment. Total monthly income totals $3,575/mo. ROI tracks 13.17% on current figures, and rental yield reads 5.05% at a $849,900 purchase. Equity gained on principal adds $5,484/yr, and 5% annual appreciation supports $234,812 over five years. Five-year ROI reaches 66.57% and total cumulative return in cash sums $186,146. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,575/mo property income instead of your personal income.
Condo
Built in 2023
871.20 sqft 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: Lynn M Case • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls ID: #130584