1116 Gray Ct LOT 6CorollaNC27927
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 1116 Gray Ct LOT 6, Corolla, NC, 27927 earns from $5,735/mo rent with a $5,820/mo payment. Total monthly income totals $5,735/mo. ROI tracks 15.66% on current figures, and rental yield reads 5.79% at a $1,189,000 purchase. Equity gained on principal adds $7,672/yr, and 5% annual appreciation supports $328,499 over five years. Five-year ROI reaches 79.84% and total cumulative return in cash sums $307,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,735/mo property income instead of your personal income.
Single Family
Built in 2002
9,147 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: Jo Ann B Konstanzer • Four Seasons Realty
Mls Name: OBAR
Mls ID: #130218