112 NW 3rd StreetOak IslandNC28465
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
Rental property for sale in Oak Island at 112 NW 3rd Street, Oak Island, NC, 28465 generates $2,029/mo in rent, after a $2,056/mo payment. Total monthly income is $2,029/mo. Return on cash invested sits at 15.33% in year one, and rental yield is 5.8% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 78.17% and total cumulative return in cash sums $108,835. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,029/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Barlow Gray • Coastal Lights Realty
Mls Name: Hive MLS
Mls ID: #100543920